Wednesday, August 31, 2011

Drugstore Investments Low Risk Assets with a Steady Income Stream

By Elaine Misonzhnik, Retail Traffic Associate Editor
Net lease investors can’t seem to get enough of the drugstore sector with sales today being driven by a desire among both lenders and buyers for low risk assets with a steady income stream.

According to a report on the second-half outlook for net lease properties from Marcus & Millichap Real Estate Investment Services, drugstore sales were up 10 percent, supporting a 3 percent rise in the median price for the sector to $334 per square foot. Yields have fallen to the high-6 percent to mid-7 percent range.

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