
Academy, one of the retailers participating in recent “sale-leaseback” transactions.
There are two questions a retailer faces before opening a new location — to own or to lease — but an increasing number of them are making a new choice once those locations are up and running.
Across San Antonio, retailers such as Academy Sports + Outdoors, CVS, Family Dollar (NYSE: FDO), Walgreens and Gold’s Gym are making sale-leaseback transactions that take certain properties off their books and into the hands of single-tenant investors.
While it might not appear to be the most logical decision available, it speaks to tenant’s rising interest in cashing out on San Antonio’s increasing property values.
For a retail tenant, it’s a quick way to unlock capital that could be used to fund physical or in-house expansion, but would otherwise be tied up in property ownership.
Click here to read the full article: More retailers jumping on the sale-leaseback train with SA locations San Antonio Business Journal 11-9-2016
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