Net Lease

Carlsbad Kickboxing Club's efforts to reposition itself is a microcosm of the mighty efforts mom-and-pop retailers are undertaking to stay afloat.

Since the COVID-19 concerns took root in the US and over the past three weeks, SRS' National Net Lease Group has had more than $200 million of new deals placed under agreement over this time frame.

Besides new revenue procedures, the IRS has also issued guidance easing deadlines for like-kind exchanges and Opportunity Zones.

PBV Logistics Center purchased the multi-building center in a 1031 exchange following its disposition last month of a 526,320-square-foot industrial property in Winston-Salem, NC.

Two activist funds with a stake in the retailer say there remains roughly $427 million more in real estate value that can also be monetized.

New trucking and shipping regulatory changes are also driving the move to smaller, more numerous warehouses.

While early rent relief requests have come from restaurants, it is likely most retailers forced to closed will eventually submit requests.

Currently, there is a brief pause in site acquisitions, but the trend for more medical tenants looking for opportunities to re-position previous outparcel locations should continue.