According to the National Association of Convenience Stores (NACS), nearly 80 percent of stores that sell gasoline reported an increase in in-store sales during the first six months of 2018, compared to the same period last year. How? For one, many gas station/convenience stores have expanded their product offerings and stocked their shelves with healthy snacks, beverages and freshly prepared foods that on-the-go, health-conscious consumers demand.
C-stores have long been an attractive and stable tenant for commercial real estate investments, especially when they are located in high-traffic areas. They typically involve long-term leases and rent increases tied to inflation. Not only do these factors guarantee investors a minimum of 10 years of rental income, they also help investors to boost rental income and increase the value of the underlying property,
While c-store gross sales lag behind other retail categories, they have demonstrated their ability to adapt, survive and sustain growth over the long-term, which, in turn makes them a great tenants for commercial property investors.
With offices in Miami, Orlando, New York City and Geneva, the team at Orion works with investors, developers, property owners and brokers through all phases of real estate transactions, from strategic planning and analysis to financing, negotiation, property management and disposition. For more information, call (305) 278-8400 or email email@example.com.