Thursday, January 28, 2016

Mom & Pop Tenants, Reconsidered

Sr. Associate Michael Branton writes about smaller tenants in the latest KeyPoints retail newsletter:

It began in a small health food store in Austin, Texas; a sporting goods store in New York City; and a general store in Arkansas. While the names may be different, many powerhouses in retailing today have their origins in the “Mom & Pop” stores of yesteryear.

And yet, in today’s retail environment, Mom & Pop stores are often overlooked - and perhaps under-appreciated - by retail landlords. The reasons why could be debated endlessly, but one can make a strong case that the value of Mom & Pop stores should be assessed more carefully. After all, a long time ago, the three retailers mentioned above, better known as Whole Foods, Abercrombie & Fitch and Wal-Mart, were not the retail aristocracy that they are today...more

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