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CBRE'S NET LEASE PROPERTY GROUP NEWPORT
RETAIL ROUNDUP
May 30, 2021
RITE AID DEBUTS FIRST OF ITS MAJOR STORE REMODELS
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Four drugstores in Idaho are among the first of Rite Aid’s more than 2,400 stores to undergo a major remodel. “This is the future of Rite Aid,” Lydia Stroup, a RiteAid divisional vice president for retail, said in an interview at the company’s flagship Boise store at 1515 W. State St. “This is our new remodel, the start of a transformation.”

 ...
burgerfi boasts largest pipeline in company history
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The first quarter marked BurgerFi’s first full period as a publicly owned company, and the better-burger chain did not disappoint. Systemwide same-store sales increased 4 percent compared to 2020. Much of that was driven by digital channels, which earned $13 million, or a 98 percent increase year-over-year.

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discount retailers tjx, ross stage a comeback as shoppers crave 'treasure hunting' for clothes again
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Any doubts about whether shoppers would return to discount retail stores to rummage through racks in the hunt for bargains were crushed this week when TJX Companies and Ross Stores reported their first-quarter earnings. Both companies’ sales surged past analyst estimates, as consumers started packing back into their stores to look for new outfits.

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vitamin shoppe to expand via franchising for first time in its history
.Retailer
The Vitamin Shoppe is pursuing a new growth strategy to expand its store fleet. The specialty vitamin and nutritional products retailer announced that, for the first time in its 44-year history, it will partner with business owners to operate franchise stores across the United States. The first franchised Vitamin Shoppe stores are expected to open later this year.

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KFC SEES POTENTIAL TO TRIPLE IN SIZE, PREDICTING "BUCKETS OF GROWTH" IN THE LONG-TERM
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KFC sees the potential to triple in size in the coming years, especially in overseas markets, the Yum Brands fried chicken chain revealed in a Yum Global Investor Day Tuesday. This growth trajectory could yield more than the projected 4% annual unit growth for Yum. 90% of the company’s growth in the last five years has been from overseas markets.

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YOUNG WOMEN'S FASHION CHAIN TO OPEN 230 STORES
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Windsor Fashions is ramping up its store expansion. The Southern California-based young women's apparel and accessories retailer, a favorite go-to destination for affordable prom dresses and special occasion dresses, announced plans to open 150 stores during 2021 and 2022.  Windsor currently has 230 locations in 24 states. 

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FEATURED PROPERTIES
DIGNITY HEALTH ER
Litchfield Park, AZ
NNN*
$14,912,000
4.75% CAP
 
HOOTERS
Topeka, KS
NNN
$2,800,000
6.62% CAP
 
BJ'S WHOLESALE CLUB
East Coast
NN
COMING SOON
 
IAN SCHROEDER
Senior Vice President
Lic. 01497897
+ 1 949 438 1002
ian.schroeder@cbre.com
MELISSA LEY
Senior Associate
Lic. 01984445
+ 1 949 725 8617
melissa.ley@cbre.com
MATT BURNS
Associate
Lic. 02114547
+1 714 900 0449
matt.burns1@cbre.com
DAVID MCNEVIN
Associate
Lic. 02101634
+1 949 725 8463
david.mcnevin@cbre.com
ALLISON MCDUFFIE
Director of Operations
Lic. 01962031
+1 949 725 8502
allison.mcduffie@cbre.com
KYRA GRAHAM
Client Services Specialist
Lic. 02007562
+1 949 725 8477
kyra.graham@cbre.com

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