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CBRE'S NET LEASE PROPERTY GROUP NEWPORT
RETAIL ROUNDUP
May 23, 2021
BJ'S WHOLESALE TO ADD MORE STORES AS MEMBERSHIP RANKS SWELL
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BJ’s Wholesale Club is ramping up its store growth with six new clubs this year as it sees membership ranks expand and spending improve. With 221 clubs mostly on the East Coast, Westborough, Massachusetts-based BJ’s is beginning to slowly branch out to new markets, adding warehouse stores in Michigan, Pennsylvania and Florida.

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PANERA BREAD'S NEW DESIGN WANTS YOU TO FEEL LIKE YOU'RE IN A NEIGHBORHOOD BAKERY
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Panera Bread is the latest restaurant chain to announce a new design inspired by changes in consumer behavior during the coronavirus pandemic. Its new layout looks to transform the soup and sandwich chain into a local neighborhood bakery — just with a little bit more tech savvy. In a bid to build customer loyalty, it is adding familiar touches to its restaurant experience.

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WHOLE FOODS HAS 40 STORES IN ITS PIPELINE; ANNOUNCES ORGANIZATIONAL CHANGES
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Whole Foods Market remains committed to growing its store footprint even as online grocery sales continue to surge. In a release outlining its recent progress and growth strategies, the Amazon-owned natural and organics grocery store retailer said it has nearly 40 new stores in the pipeline.

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IHOP READIES LONG-PLANNED FAST-CASUAL FLIP'D FOR NYC DEBUT
.Retailer
IHOP plans to open its long-planned fast-casual Flip’d concept in New York City in the summer with three additional sites considered for Kansas and Ohio, the parent Dine Brands Global Inc. said Thursday. "Since we originally announced Flip’d in 2019, a lot has changed. We wanted to ensure that we were evolving the concept to meet our guests’ needs."

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SMART & FINAL TO BE ACQUIRED BY MEXICAN RETAILER IN $620 MILLION DEAL
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Grupo Comercial Chedraui, the third largest retailer in Mexico, is expanding its footprint in the U.S. grocery space. Bodega Latina Corp., the U.S. subsidiary of Chedraui, has entered into an agreement to acquire Smart & Final Holdings from private equity firm Apollo Global Management for approximately $620 million, including the assumption of certain debt.

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new franchisees ready to expand with take 5 oil change
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Take 5 Oil Change has recently welcomed several new franchisees who are looking to grow along with one of America’s fastest growing franchises. Shaun Norton and Brian Leas, who are partners in Bruin Oil, LLC, are planning to develop 12 units in the greater Pittsburgh, PA, market. Norton is a franchisee of Sports Clips and Real Property Management.

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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
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Associate
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DAVID MCNEVIN
Associate
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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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