Happy 4th of July 2011!!
Click on my picture to contact us!! (760) 479-0800
CMBS Spreads To Treasury's AA - Bloomberg
CMBS Issuance
Current News and Information
Single-Tenant Retail Gains Investor Traction, May 2011
Harbor Group Buys Four Walgreens For $28 Million, May 2011
Meet the Cash Kings of Drug Retail, April 27, 2011
Muni Woes Can Hinder Projects
In California Dreams May Turn To Nightmares
Investors Returning To Retail Single Buildings - Costar
New Private Housing Units Authorized By Building Permits, March 17, 2010
Retail and Food Service Sales - Federal Reserve, March 11, 2011
Minutes of Fed Open Market Committee Jan 25-26, 2011
ACRE Inland Empire Economic Summit Video Feed (Christian S. Marabella - Media Relations ACRE IE)
Walgreen sells in Riverside, CA; and Oklahoma City, Oklahoma
Fed Minutes: Economy Needs Bond-Buying Program
Walgreen Webcast, Morgan Stanley Consumer and Retail Conference November 17, 2010
Minutes of Fed Open Market Committee Nov 2-3, 2010
Real Domestic Product Graph
The Downside of Quantative Easing
Retail Sales Information
Black Friday What Recession ? Shoppers eat up Black Friday Deals.
For Walgreen Current News Click Here
For CVS Current News Click Here
For Jack In The Box Current News Click Here
Walgreen Sale, 3rd Qtr 2010
CVS Corporate Bond Vs CVS Net Lease
Drugstore Wars
Walgreen Cap Rate Article
Walgreen Vs CVS Vs Rite Aid
Net Lease TV You Tube Channel Click Here
Rates Down Again
Average US retail capitalization rates were down again in 4Q 2010 at 7.90%. Further, we revised Q3 2010 down to 8.28% from 8.49%. The influx of available low interest rate debt for purchases is a primary factor fueling the decline in cap rates. The data is from the CBRE Valuation & Advisory Services (VAS) database from 2003 through Q4 2010.
Source: CBRE Polynomial Trend Line
Regions
The South and West saw the largest cap rate declines at 39 and 37 bp from Q3 to Q4. The East and Midwest also declined by about 20 bp over the same period. Average rates have declined to Q1 2009 levels. We can now state that Q4 2009 was the cap rate peak during the current cycle.
Net leased drug store sales were significant. One out five sales we tracked nationally were CVS or Walgreens with an average cap rate of 7.27%.
The data points used in this update are confirmed closed transactions, adjusted for assumed financing, and reflect overall market trends. Contact a local CBRE appraiser for a detailed overview of a specific market.
2009
2010
Region
Q1
Q2
Q3
Q4
East
8.13
7.74
8.83
8.21
8.44
8.05
7.75
7.56
Midwest
6.68
8.62
9.78
8.63
8.72
8.55
8.35
South
8.37
8.43
9.06
8.66
8.89
8.39
8.01
West
7.19
8.20
8.90
8.04
7.67
Nation
7.77
9.01
8.56
8.48
8.28
7.90
Chg BP
-19
43
46
35
-44
-8
-20
-38
Source: CBRE
Downloadable Rate Sheet For Walgreens and CVS Click Picture Below!!
