Category: Uncategorized

How long will the migration from high rent cities to the lower priced housing of the suburbs last? In one word: Jobs If people continue to have jobs, prices may continue to go up or at least stay where they are. This will especially be true if interest rates...

From Bloomberg: Low mortgage rates and the emerging work from home lifestyle spark a boom in demand in California’s Inland Empire and other commuter communities. The number of sales in Marin county are up 36%. Ontario, Hemet and other enclaves in the Inland Empire about an hours drive from Los...

In Virginia: “Tucked into a suburban shopping center about two miles from a Civil War battlefield, this Tractor Supply Co. outlet has become a rare hot spot in an economy that has gone ice cold. Since the first days of the coronavirus pandemic, the retailer for farmers, ranchers and suburbanites who...

What will happen to shared work spaces? Prior to 2020 shared work spaces like We Work seemed to be gaining momentum as the hot flexible, practical and fashionable way to use experience office space. Now with the Covid-19 pandemic this model seems to have been torpedoed by social distancing....

300 Pizza Huts are closing after a giant franchisee goes bankrupt…trouble brewing in NNN land? For some landlords the fact that a tenant owned more than one franchise location was a plus. More locations, efficiencies and experience often meant more stability in a tenant. “NPC International, which filed for Chapter...

With communities on lockdown, customers and foot traffic have dried up for most businesses except for grocery and pharmacies. Tenants from, Starbucks to Ross stores are renegotiating rents with their landlords. Who would have ever imagined a time when Starbucks, considered one of the greatest and most stable NNN...

When purchasing and owning a NNN property it is prudent to think of corporate vs non-corporate tenant. The value of a corporate tenant is if for some reason the store closes, corporate will normally honor the remainder of the lease, even if the space is vacant. This is often...

Long considered one of the surest things in the NNN world, Walgreens has plans to close 200 locations across the USA. The planned closures represent less than 3% of Walgreens locations. What if you are a landlord of one of these 200 locations? Most of Walgreens NNN leases are...

Are wealthy investors selling stocks, buying properties and keeping cash ready? I am hearing clients say most asset classes are fully to overvalued at the moment. Client with deep portfolios are beginning to sell stocks, or not buy more stocks. Instead they are opting to place their cash into...

It is a question asked of me and that I ask myself all the time. Some of the pros: REITs pay dividends, literally. CONS: most of the time you are only a partial owner, and the majority owners are the ones who are making the decisions. Mismanagement can bankrupt...