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Anyone in NNN Retail Good Luck this is Likely the End
Posted on 3/28/20 at 9:42 am
Posted on 3/28/20 at 9:42 am
I was looking hard at some NNN properties to diversify a little. So glad I did not pull the trigger. There’s not going to be a housing crisis there’s going to be a commercial RE crisis shortly.
3
Posted on 3/28/20 at 10:29 am to OleWarSkuleAlum
quote:
I was looking hard at some NNN properties to diversify a little.
Sure you were
Owing a private jet isn’t the profit center you thought it would be
Posted on 3/28/20 at 12:18 pm to OleWarSkuleAlum
It depends on the market. Retail stores that include food sells shouldn’t have an issue.
Posted on 3/28/20 at 12:42 pm to OleWarSkuleAlum
Dollar General sales up 30% across the board and its one of the largest individual owned NNN brands (if not the most). Why exactly are you thinking this is the end of NNN?
Posted on 3/28/20 at 2:41 pm to yellowhammer2098
Dollar General is pretty much an exception because it has essential goods.
Times will be tough for a lot of landlords though. There are a lot of small businesses that can’t pay rent. Cheesecake Factory just recently announced they were going to make rent payments. Not saying it’s the end, but it’s a huge blow.
Times will be tough for a lot of landlords though. There are a lot of small businesses that can’t pay rent. Cheesecake Factory just recently announced they were going to make rent payments. Not saying it’s the end, but it’s a huge blow.
This post was edited on 3/28/20 at 2:42 pm
Posted on 3/28/20 at 7:57 pm to southernelite
quote:
Dollar General is pretty much an exception because it has essential goods.
A very large portion of NNN properties are essential. Dollar/discount stores, drug stores, and auto parts make up a huge chunk.
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