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Necessity and value-focused shopping centers, even in tertiary market areas, continue to perform well, such as Triangle Center, the one-stop location for Longview, WA residents and the overall trade area.
The ground leases are improved with eight single-tenant net-lease retail properties, totaling approximately 44,000 square feet, with tenants including a Chase Bank, a WaWa, five national restaurant brands including Cheddar's and Chuy's, and a car wash.
"Retail assets offer competitive risk-adjusted returns in today's commercial real estate climate, and more capital is entering the space," says HFF's Chris Munley.