Grocery Anchored Real Estate Research Reports 2019

By RJ Johnson September 5, 2019

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The following quotes where used in the Tri-Land Retail Value Add Fund LLC brochure dated 09/2019.

Footnote (1) – CBRE 2019 Food in Demand Series

https://www.dropbox.com/s/ow3d8abj17a41qr/US%20Retail%20Food-In-Demand-Grocery-Report%20May%202019.pdf?dl=0

  • Grocery-anchored assets’ overall stability, their resilience to economic downturns and their relatively low e-commerce penetration rate ensure reliable traffic and sales.  This has made grocery-anchored shopping centers a favorable investment class in what many investors perceived as an uncertain retail environment.

Footnote (2) – FMI.ORG

https://www.fmi.org/blog/view/fmi-blog/2019/07/24/comparing-grocery-shopping-brick-and-mortar-vs.-online

  • This year’s report finds consumers visit a grocery store 1.6 times a week, which is consistent with the trend of the past several years.

Footnote (3) – FMI.ORG 

https://www.fmi.org/blog/view/fmi-blog/2019/07/12/how-many-grocery-stores-did-you-shop-at-last-month

  • This year’s U.S. Grocery Shopper Trends report found that the average shopper visits 4.4 different retail banners in a typical month…
  • Importantly, we find younger generations are visiting the most food retailers a month. Gen Z visits 6.2 retailers per month and Millennials visit 5.0 retailers per month to meet their household grocery needs.

Footnote (4) – CBRE 2019 Food in Demand Series

https://www.dropbox.com/s/ow3d8abj17a41qr/US%20Retail%20Food-In-Demand-Grocery-Report%20May%202019.pdf?dl=0

  • Grocery-anchored strip or neighborhood centers have suffered fewer vacancies than power centers and malls; they currently boast the highest occupancy rates of all shopping center types.
  • Online grocery share will reach between 5% and 10% by 2022 and will fundamentally alter but not replace the store.

Footnote (5) – IHL Group 2019

https://www.dropbox.com/s/5mjztgkuhcmvhto/2019-Retail-Renaissance-Report-v4.pdf?dl=0

  • The news headlines on closings really focus on a very small number of retailers and segments that are concentrated in the mall base stores.  As we will see later, 20 retailers represent 75% of the total number of store closings.  Instead, store counts are on track to grow by 2,965 in 2019.  The areas with the negative store counts are heavily focused on malls, namely Department Stores and Specialty Softgoods.
  • Food, Drug, Convenience, and Mass Merchants/Warehouses had a 9.5 companies adding stores for every one that decrease stores.  275 companies had net store growth and 29 had net store decrease in 2019.
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