One of the hottest retail properties attracting sale-leaseback buyers is a drive-through location where you can't open your window.
"Car washes are the hottest specialty product in sale-leasebacks right now," Camille Renshaw, CEO and Co-Founder of B+E, told GlobeSt this week at the Net Lease Spring conference in New York.
"There are a lot of mom-and-pop locations being gobbled up right now. They're being correlated into larger credits and they're attracting buyers who want to write off capital gains," Renshaw said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
