Net Lease

Retail giant also will remodel 650 existing stores this year in 47 states.

Last year only only 43 leases were for at least 1 million square feet.

Open about a month, the traffic is impressive.

But potential distress is far worse — as much as $234.6 billion.

Even so, things aren't as bleak as the change from 2022 might suggest.

Walgreens does more business with singles as CVS caters to families.

Industrial investments made at the end of 2017 should post returns of 180% over a 10-year investment horizon.

Excess inventory, maturing loans, tight spreads, and a lack of 1031 buyers put the pressure on.