Red Hot Retail

Red Hot Retail - This was the cover story in CCIM's May/June publication. And that pretty well sums up what we are seeing, at least here in the Mid South. Investors from both coasts are parusing our markets pushing cap rates down and keeping prices rather firm in the retail sector.
The commercial investment real estate article, published by the CCIM organization emphasizes the explosion of national retail chains in secondary markets. "Many retailers recognize that, if they want to expand their brand, they may have to consider towns of less that 50,000 to 100,000 people." This is an excellent indication for owners of small retail locations such as strip centers and land holders in prime commercial locations.

One evident example as the article pointed out is Dollar Generals and Movie Galleries. These stores are popping up everywhere and they're selling just as fast. Both are credit worthy tenants and make excellent investments especially if you negotiate free video rental or paper towels for life.