Despite the economy’s growth, people are still shopping at dollar stores. Not everyone is seeing rising wages, and the popularity of these stores is showing no signs of waning. If you’re considering commercial real estate investment, then this remains a great time to consider investing in a dollar store retail outlet.
This article by Nathaniel Meyersohn examines some of the reasons that business at dollar stores will continue to boom:
There’s no such thing as landlord school. Most landlords just do a little reading online and dive right in. Which is fine – but it also means many new landlords are ill-prepared for the work of being a successful landlord. Far too many landlords fail to bring a level of professionalism to their landlording side gigs.
Although many experts believed that sales at dollar stores would slow as the economy strengthened, that has not proven to be the case. In fact, sales at Dollar General stores that have been open for at least a year grew by 3.7 percent during the last quarter as compared to the year before. Not only are customers still shopping there, but they are buying more.
There are reasons for this, and here’s one that the article outlines:
Effective landlords have effective habits, that revolve around thinking long-term and embracing minor headaches today to avoid massive headaches tomorrow.
The professionals at Pacwest Commercial Real Estate are experts in commercial real estate Eugene. If you would like to discuss commercial property investment, call us today at 541-912-6583. We’re here to help guide you.