Excerpted from CoStar News story.
Consumers want convenience and that has shown in convenience store sales.
In a survey by the National Association of Convenience Stores, 84% of retailers said their in-store sales increased last year. Food led the way, according to the survey.
With convenience stores doing well, some believe their real estate becomes a safer investment. Properties Eleven, Circle K, Wawa and Speedway are popular among private
investors looking for a passive investment that requires little to no management.
Bryan Belk, senior director for retail investment sales with Franklin Street in Atlanta, said “buyers like them because they’re considered Amazon proof.”
Their locations tend to be another enticing factor. “Convenience stores sites are very high profile,” said Jenkins Williamson, a partner in Columbia, South Carolina-based Columbia
Development. Williamson said they have a lot of traffic and highly visible locations.
For full story, visit https://product.costar.com/home/news/355964787?keywords=bryan belk
