Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Although retail was one of the most impacted asset classes during the pandemic, a handful of certain stores forged ahead in 2020. Among the list of the retail winners is drive-thru and quick-service restaurants, convenience stores and single-tenant learning and childcare centers.

According to Hanley Investment Group, single-tenant retail cap rates compressed in California during the year, and drive-thru and quick service restaurants drove the trend. “When the global pandemic hit, the drive-thru became a critical sales channel for preserving store revenue and it has continued to be extremely effective for the chains and time-starved consumers,” Ed Hanley, president of Hanley Investment Group, tells GlobeSt.com. “Furthermore, even if indoor seating is allowed, some consumers are still favoring drive-thru lanes as a safer and more convenient option. This consumer shift has caused chains to reexamine their footprint and use of technology and efficiency.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.