Knipp Wolf Net Lease Group’s Post

What Shifting Migration Trends Mean For CRE Performance Population migration, which surged in the aftermath of the pandemic, is now showing signs of significant slowdown as of summer 2024. Monthly movers have dwindled to nearly zero, marking a stark contrast to the record-high levels observed from 2020 to 2023, particularly in the migration from coastal states to Sunbelt regions. Developers had anticipated continued migration trends, particularly in Sunbelt areas, leading to a surge in development pipelines. As of 2024, these areas are nearing record highs in new constructions. However, with inbound migration cooling off, these metros face the prospect of rising vacancy rates in the near future as new builds come online. Meanwhile, construction activity in coastal states and the Midwest has hit near all-time lows. Developers in these regions have adjusted their strategies in response to shifting demographics, focusing on completing new inventory. This adjustment presents an opportunity for investors eyeing lesser-discussed metros across the country, provided they maintain a long-term outlook amidst fluctuating migration patterns.   #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #migration

Recent Closing: Walgreens | Plano, TX Vincent Knipp, Senior Managing Director Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Knipp. Walgreens is paying below market rent and occupied a large, two-acre parcel in a high-growth market in North Dallas. Contact Vincent Knipp for more information. 📞 (972) 755-5205 Vincent.Knipp@marcusmillichap.com #NNN #realestate #investment #investing #commercialrealestate #property #passiveincome #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #cre #walgreens #plano #texas

There have been fewer announced bank mergers in 2024 when compared to previous years, but the size of involved institutions has been much larger. While bank mergers lead to an upgrade in credit profile, landlords should be wary of potential branch closures to follow any closed deal. Branch closure velocity is down this year so far compared to last, but there are still over 100 branches per month that get filed to close. For more banking news and insights, reach out to Ryan Wolf or Luke Sullivan. Ryan Wolf 📞 (972) 755-5207 📧 Ryan.Wolf@marcusmillichap.com Luke Sullivan 📞 (972) 755-5198 📧 Luke.Sullivan@marcusmillichap.com #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #banking 

Report: MOD Pizza Considers Bankruptcy MOD Pizza, the largest U.S. fast-casual pizza chain with over 500 locations, is considering bankruptcy. The company is exploring options to restructure its capital and may file for bankruptcy as early as next week. The pandemic exposed weaknesses in the fast-casual pizza model, which thrived on customizable, build-your-own pizzas similar to Chipotle’s approach. While chains like Domino’s and Pizza Hut excelled in digital and off-premises operations, fast-casual brands struggled. MOD Pizza, along with Pieology, &pizza, and Blaze Pizza, has faced significant challenges and leadership changes in adapting to the shifting market dynamics. Earlier this year, MOD Pizza closed 26 underperforming stores across 10 states and Washington, D.C., due to prolonged struggles rather than recent wage increases. Despite previous plans to go public and a CEO change with Beth Scott taking the helm in early 2024, MOD Pizza now joins other industry peers in serious turnaround efforts. https://lnkd.in/gr9R2XTT Vincent Knipp 📞 (972) 755-5205 ✉️ Vincent.Knipp@marcusmillichap.com Andy Cepeda 📞 (972) 755-5138 ✉️Andy.Cepeda@marcusmillichap.com #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #modpizza

Wishing everyone an enjoyable Fourth of July! Take a moment to remember and honor the brave men and women who have made our freedom possible.   #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #fourthofjuly

On the Road This July 4th Weekend? A recent Vontier survey shows that nearly 80% of Americans are willing to go the extra mile and pay more to visit their preferred c-stores. With 62% primarily seeking these stores for food, and many enjoying new conveniences like mobile ordering and EV charging stations. Customer loyalty has become a crucial focus for c-store brands as they compete for consumers' favor. Leading retailers are leveraging shopper data to personalize their messaging and foster deeper connections. For example, Casey’s General Stores, the third-largest convenience store chain in the U.S., has noted that loyalty members visit more frequently and spend more per visit. President and CEO Darren Rebelez highlighted the importance of targeted communications to further enhance these effects. Similarly, 7-Eleven has enhanced its personalization with a redesigned app and its Gulp Media Network, utilizing robust purchase and behavioral data from over 95 million rewards members to deliver targeted messaging. Jake Stammen 📞 (972) 755-5209 ✉️ Jake.Stammen@marcusmillichap.com Salim Bhaidani 📞 (817) 932-6136 ✉️ Salim.Bhaidani@marcusmillichap.com More details: https://lnkd.in/gqs6Trsm #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #cstore #july4

Why True Inflation May Be Lower Than The BLS is Reporting The Bureau of Labor Statistics (BLS) housing data currently misaligns with the actual market data, particularly regarding how housing costs are assessed. The BLS employs "Owners Equivalent Rent" (OER) to approximate what homeowners would hypothetically pay in rent for their own homes. This method, however, causes the rent data to lag behind more current market trends captured by sources like Zillow and RealPage, by approximately a year. Consequently, the Consumer Price Index (CPI) is being calculated with outdated housing rent growth numbers that exceeded 5% in May 2024. Incorporating real-time market data into inflation calculations would indicate a significantly lower rate. When the Zillow data for single-family residence (SFR) costs are integrated into the CPI, the inflation rate drops from 3.3% to 3.0%. If RealPage’s data on traditional rent growth replaces the BLS's survey rent figures as well, the CPI would decline even further to just 2.6%. This substitution reveals a more accurate reflection of current market conditions and suggests that inflation is lower than reported using the BLS methodology. As the time lag in rent growth data resolves throughout 2024, inflation readings are expected to align more closely with the Federal Reserve’s target level of 2%. Achieving this target would likely prompt the Federal Reserve to start reducing interest rates within the year. This anticipated alignment suggests that the inflation rate will adjust rapidly downward as the more current market data is incorporated into the economic measures used by policymakers.   #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #inflation

Recent Closing: Wells Fargo | Colleyville, TX Ryan Wolf, First Vice President Investments, and Vincent Knipp, Senior Managing Director Investments, in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Wolf and Knipp. The Wells Fargo branch in Colleyville, Texas, operates under a corporate ground lease. Located at a prominent intersection with high traffic counts, this branch serves an affluent area with average household incomes of $216,236 within a one-mile radius, significantly higher than the national average. Contact Ryan Wolf or Vincent Knipp for more information. 📞 (972) 755-5207 Ryan.Wolf@marcusmillichap.com 📞 (972) 755-5205 Vincent.Knipp@marcusmillichap.com #NNN #realestate #investment #investing #commercialrealestate #property #passiveincome #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #cre #wellsfargo #colleyville #texas

Double Beef 'N Bankruptcy: What factors drove a 25-unit Arby’s franchisee to declare bankruptcy for the second time? Miracle Restaurant Group, a 25-unit Arby’s franchisee, filed for bankruptcy on June 20, citing financial challenges worsened by the COVID-19 pandemic. Founded in 2005, the company operates stores across Illinois, Indiana, Texas, Mississippi, and Louisiana, with assets and liabilities ranging between $1 million and $10 million. According to court documents, rising commodity and labor costs, combined with disappointing sales and delays in tax refunds, severely impacted the franchisee’s cash flow. Attempts to sell underperforming stores and obtain relief from landlords and Arby’s have been insufficient to stave off bankruptcy. Miracle Restaurant Group’s filing adds to the list of restaurant entities declaring bankruptcy in 2024, including Red Lobster, Rubio’s Coastal Grill, and Tijuana Flats.   Vincent Knipp 📞 (972) 755-5205 ✉️ Vincent.Knipp@marcusmillichap.com Andy Cepeda 📞 (972) 755-5138 ✉️Andy.Cepeda@marcusmillichap.com 👉 Click link for details: https://lnkd.in/gF_kx_P7 #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #arbys #bankruptcy 

Just Listed: Spec’s (Absolute Net Lease) | $1,338,000 | Corporate Guarantee | Tyler, TX MSA This property enjoys minimal competition due to its prime location in a largely dry county. Nearby Smith County, including larger cities like Tyler, permits only beer and wine sales, with liquor sales prohibited. The subject property, located just across the county line in Cherokee County, can sell beer, wine, and liquor. This strategic location makes the property a destination retailer and allows for liquor delivery to adjacent dry areas. 👉 Click link for details https://lnkd.in/gkWkMwUQ Contact Vincent Knipp for more information. 📞 (972) 755-5205 Vincent.Knipp@marcusmillichap.com #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate #beer #specs #tyler #texas