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Grocery stores have been a bright spot for strip mall REITs during the COVID-19 pandemic.  BTIG consultants say there’s one step REITs can take to help their grocers further cement their status as anchors and to smooth the transition to online delivery.

That’s the addition of microfulfillment centers—a trend that is growing in the industry—into the backs of grocery stores. The $2 million-$3 million investment “could fix critical gaps in online grocery fulfillment, increase store productivity, and make REIT shopping centers even more critical real estate,” BTIG analysts Michael Gorman and James Sullivan say in recent research note.

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Erika Morphy

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