Stability. Investors target retail centers anchored by grocery stores because they're recession-proof—everyone needs to eat. (Some of you need to eat more fancy than others.) This is a big draw for risk-averse investors, Mid-America Real Estate Corp principal Joe Girardi tells RE Journals. And it looks like many other investors share Girardi's sentiment. Real Capital Analytics reveals that in 2014 $12.8B worth of grocery-anchored retail strips were sold. That's 34.6% more than in 2013. Another perk is that grocery stores tend to have longer-term leases. [REJ]
Why Investors Love Grocery Stores
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Related Topics:
Grocery stores
, Joe Girardi
, Mid-America Real Estate Corporation
, Real Capital Analytics
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