Net Lease Insider

About This Blog

The latest on the activities of the hot net-lease market, from Calkain's Jonathan Hipp. Utilizing his 20+ years of experience in real estate, Hipp manages the overall strategies and growth of Calkain and has successfully completed over $8 billion in investments throughout his career.
  • The Strategy Behind Walmart Neighborhood Market Stores

    Walmart, the retail behemoth with a market cap of $238 billion, is mixing things up. For decades, the company’s standard policy of building big-box stores aimed at price conscious working-class customers was resoundingly successful. However, it is increasingly clear simply adding large stores won’t be enough to increase, or even maintain, its level of profitability. …

    Read More
  • Net Lease Properties and the Portfolio Purchase Discount

    For almost every product out there, a discount is available for buying in bulk. The same is true for real estate, including single-tenant net lease properties.

    Read More
  • Recap of ICSC Las Vegas

    The annual pilgrimage for brokers, developers, and tenants to Las Vegas took place this past week. The 2015 ICSC RECON event brought together 34,000 attendees and 1,000 exhibitors to discuss industry trends and make deals.

    Read More
  • An Overview of Sale-Leaseback Transactions

    Many business owners reach a point where they need additional capital to fuel growth. Traditional means of doing this include raising equity or taking on more debt. One of the more under utilized options for businesses that own their own real estate however is the sale-leaseback.

    Read More
  • Wendy’s Refranchising 640 Stores

    Following a pattern we’re seeing in the wider market, Wendy’s this week announced that they were going to sell as many as 640 stores to their franchisees. This on the heels of McDonald’s announcing they would do the same for 3,500 stores as part of their effort to boost the bottom-line. …

    Read More
  • McDonald’s Cap Rates So Far Unaffected by Corporate Turmoil

    McDonald’s (MCD), a long time behemoth in the net lease sector, has found itself under significant pressure lately.

    Read More
  • Net Lease Advisor: First Choice Emergency

    First Choice Emergency, listed as Adeptus Health, Inc. (NYSE: ADPT), is an emergency room services provider that operates 55 ER clinics across the United States*. The company operates stand-alone centers with board certified physicians that can provide most services offered by conventional hospital ERs. Adeptus Health is backed by growth private equity firm Sterling Partners. …

    Read More
  • Net Lease Properties: Evidence of a Shift in Quality

    It is no secret cap rates for net lease properties, and investment real estate in general, have compressed dramatically in the last few years. This trend is especially pronounced for properties with investment grade tenants and long lease terms which are trading at all time low cap rates.

    Read More
  • Pharmacy’s Comeback Kid

    By all accounts, 2014 was a breakthrough year for Rite Aid (NYSE: RAD), and by extension, owners of Rite Aid net leased pharmacies. After struggling for over a decade with structural weaknesses in its business, ranging from accounting scandals to poor acquisitions, the company is finally managing to turn around its operations. All the while making some landlords very, very happy. …

    Read More
  • Net Lease Advisor Profile: Kroger

    The Kroger Co. (NYSE: KR) operates over 3,000 supermarkets and convenience stores in the United States. For the period ending January 31st, 2015, it generated revenues of $108.47 billion and net income of $1.728 billion. Kroger has an investment grade rating (BBB) from Standard and Poor's.

    Read More