While many CRE sectors and product types have floundered after COVID-19 hit, one industry has continued to flourish.
In the second quarter, cap rates for dollar stores fell a 12-basis point decrease when compared to the prior year, according to The Boulder Group.
There are some long-term concerns for the sector, most notably overbuilding. But e-commerce, while it has wreaked havoc for some retailers, isn't a near-term threat, according to Randy Blankstein, President of The Boulder Group. The main reason is that dollar stores are essential in small towns and rural areas.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
