Equity Retail Brokers | NNN Trends

Dollar General’s expansion plans push on: Despite some turbulent times, the discount retail sector’s big hitter seems to keep marching on, with Dollar General pledging to push forward with its ambitious expansion program in the coming year, undaunted by consumer uncertainty, inflationary fears and even the odd hurricane or two. In all, net sales rose 5% to $10.2 billion, topping analyst estimates of $10.1 billion, while encouragingly same-store sales rose 1.3%, while net income came in at $196.5 million for the quarter ended Nov. 1, down from $276.2 million in the year prior period. Those plans include opening approximately 575 new stores in the U.S. and up to 15 new stores in Mexico. It also plans to fully remodel approximately 2,000 stores as well as remodel another 2,250 stores through its Project Elevate initiative while it will also relocate about 45 further stores. Understanding the trends in the various retail sectors can help buyers and sellers of retail real estate assets to maximize their investment dollars. NNN Trends is an available resource for up-to-the-minute cap rates, national comparable sales, and consumer traffic for dozens of national retail tenants. Check out our website: https://bit.ly/49BooR8 #dollargeneral #CRE #retail #retailrealestate

Fried chicken restaurants are matching expansion plans in Philadelphia: Already, new leases for these establishments have doubled over 2023 level. In 2024, fast-casual and quick-service fried chicken concepts signed at least 22 new leases in the Philadelphia area — double the number seen in 2023. While additional leases were likely signed but not publicly announced, this trend indicates a booming market for fried chicken. This year, locally grown companies are at the forefront of Philadelphia’s ballooning fried chicken sector, including Federal Donuts & Chicken, OMG Hot Chicken, and Love & Honey Fried Chicken. Other chicken-focused national companies that have signed new leases this year include Popeyes, BlackHen Fried Chicken, Dave’s Hot Chicken, Chickos Chicken, Crisp Chik'n and Hen Solo. Being aware of the retail concepts and geographic areas where expansion is occurring can help buyers and sellers of investment retail real estate assets maximize their dollars. NNN Trends continually tracks cap rates, consumer traffic, and comparable sales for dozens of national retail net lease tenants. Check it out: https://bit.ly/3Db9zsc #CRE #philadelphiarealestate #retail #restaurantnews

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Applebee's is an American company that develops, franchises, and operates the Applebee's Neighborhood Grill + Bar restaurant chain. The concept focuses on casual dining with popular American dishes. Applebee's maintains a strong global presence, with over 1,500 restaurants across the United States and in 11 other countries and territories. In 2022, the company announced plans to sell its remaining 69 company-owned restaurants, making the chain 100% franchised for the first time since 2018. In 2007, IHOP Corp (now Dine Brands Global) acquired Applebee’s for $2 billion. Applebee's is the largest casual dining chain in the world with annual sales of $4.7 billion. Applebee’s restaurants are typically situated in high-traffic, easily accessible locations and generally occupy around 5,000 to 6,000 square feet. Lease terms typically span 20 years, with periodic rent escalations included. To keep up to date with changes in cap rates, comparable sales, and consumer traffic at dozens of national retail tenants, check out NNN Trends: https://bit.ly/4941CBa #CRE #caprates #netlease #investmentproperty #commercialrealestate

Freddy’s Frozen Custard and Steakburgers, a fast-casual burger chain, is reportedly exploring the possibility of a sale that could value the brand at $1 billion, as private-equity firms continue to acquire franchise businesses. Such a deal would contribute to the rising trend of franchised brands achieving high valuations in a market that is otherwise lukewarm about the restaurant industry. This week, private-equity firm Blackstone acquired a majority stake in Jersey Mike’s, a sandwich chain, at an $8 billion valuation. Earlier this year, the firm also purchased Tropical Smoothie for $2 billion. Since the focus has been on asset-light franchisors and businesses with very good growth metrics, Freddy’s seems like a perfect fit. System sales have grown an average of 14.3% the past five years, according to Technomic, including 14.5% last year. They neared $1 billion in system sales from more than 500 restaurants, while franchisees operate about 94% of the locations. Keeping ahead of trends in the economic underpinnings of national retail tenants helps buyers and sellers of net lease assets to maximizing their investment dollars. NNN Trends is an available resource for continually-updated cap rates, consumer traffic, and recent national comparable sales for dozens of top national tenants. Check it out: https://bit.ly/4f1SYV3 #CRE #commercialrealestate #netlease #restaurantnews

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Walgreens is a leader in the drugstore industry, with nearly 8,700 locations across all 50 states. The company offers long lease terms of 25 years, with options extending up to 75 years, though often without rental escalations. Its average lot size ranges from 1.5 to 2 acres, and the typical building size is between 13,000 and 15,000 square feet. On average, each Walgreens location generates approximately $8.5 million in sales. Check out NNN Trends for continuously updated national cap rates, comparable sales, and consumer traffic on pharmacies like Walgreens and dozens of other retail net lease tenants! https://bit.ly/4fy2IaD #CRE #retail #caprates #netlease #walgreens

Firestone Complete Auto Care, a wholly owned subsidiary of Bridgestone Retail Operations (BSRO), is the world’s largest chain of company-owned automotive service centers, with more than 1,700 locations across the United States. Firestone typically signs 15-year leases with rent escalations of 10% every five years, providing a stable and predictable income stream for landlords. Firestone locations generally occupy buildings of 5,000 to 7,000 square feet with around 6 to 8 service bays, built on high-visibility parcels of approximately 0.75 to 1.5 acres. Check out NNN Trends for consistently updated information on more than 70 national retail net lease tenants, how average cap rates for each tenant are trending, and their most recent comparable sales: https://bit.ly/3VoHG6r #firestone #netlease #caprates #investmentproperty #CRE

According to a recent article on Forbes, Wawa is quickly becoming a dominant force in the food-to-go industry. Despite remaining privately held and majority owned by the founder's descendants, the company is on a rapid growth trajectory. In 2023, Wawa generated an estimated $18.5 billion in sales, with over 45,000 employees. By contrast, McDonald's saw stagnant sales around $25 billion last year. Ranked among the top 5 fastest-growing brands by The Food Institute, Wawa currently operates more than 1,000 locations, with bold expansion plans extending into Florida and the Midwest. Wawa has redefined the convenience store experience, positioning itself as a community hub and 24/7 refuge, well beyond just a place to grab a quick snack. Understanding trends in retail markets is crucial for buyers and sellers of retail investment real estate. NNN Trends is an available resource for constantly updated national cap rates, comparable sales, and consumer traffic for dozens of top retail tenants. Check it out here: https://bit.ly/3Z17QNg #wawa #netlease #CRE #commercialrealestate #caprates