Marcus & Millichap

  • $12,263,900,000 Value of recently closed transactions
  • 3,859 Closed sales in most recent year
  • $5,883,044,721 Total value of recent listings Search current listings
The retail industry forms one of the major foundations of the economy, and retail properties come in many forms, from neighborhood strip shopping centers to larger big-box destination-based formats.
1,548 Retail Properties Available Now
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Marcus & Millichap’s Retail Division is comprised of more than 430 retail investment specialists located within the firm’s offices across the United States and Canada. We provide investment, advisory and transaction services for all types of retail real estate, including single-tenant net leased properties, ground-leased properties, sale-leaseback structured finance and open air shopping centers of all sizes.

Scott Holmes

Scott M. Holmes
Senior Vice President / National Director, National Retail Division
(602) 687-6700
scott.holmes@marcusmillichap.com

Featured Retail Properties

Wendy’s Kalamazoo MI $123K Household Income

Net Leased Restaurant

$2,300,000
Portage, MI

Walgreens - Rent Increases

Net Leased Drug Store

$10,168,355
Goodyear, AZ

Sprint | Wells Fargo | Smoothie King

Shopping Strip

$1,745,000
Mary Esther, FL

Walgreens Zero Cashflow (SeaWorld)

Net Leased Drug Store

$4,063,310
Orlando, FL

Walgreens Pharmacy (Flagstaff MSA)

Net Leased Drug Store

$7,425,238
Sedona, AZ

Walgreens Pharmacy (Los Angeles MSA)

Net Leased Drug Store

$9,801,000
Arleta, CA
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Retail Research and Data

Las Vegas Retail Investment Forecast

Investors Chasing Returns Flock to Las Vegas; Supply Pressures Elevated Cycle-high development...

New York City Retail Investment Forecast

Supply Growth Reaches Cycle High as Marquee Offerings Come Online Throughout New York...

Kansas City Retail Investment Forecast

Development Slows Amid Robust Employment, Retail Environment; Coastal Capital Flows Into Kansas...

Tampa-St. Petersburg Retail Investment Forecast

Population Surge Bolsters Retail Demand; More Investors Look Outside Metro Core Tampa Bay retail...

Retail Market

Drug Store Sales Bolstered By Aging Population, Business Model Evolution;
Investors Enticed By Income Security and Extended Lease Terms

Pharmaceutical innovation that offers new treatments for a range of maladies together with a greater number of people with medical insurance have lifted prescription drug spending 9 percent over the past year. During the same time period, the number of insured Americans rose 1.8 percent to more than 289 million. Combined with nearly half of all citizens taking at least one prescription drug, health and personal care stores stand to benefit as these trends persist over the coming year.

Drug store performance has been robust over the past year, with the sector generating 6 percent retail sales growth, achieving the strongest performance of any brick-and-mortar retail segment. In addition, the sector has grown from 5.9 percent of retail sales in January 2000 to 7.6 percent at the end of 2016, indicating that operators are garnering a larger share of consumer spending as well. The sector’s prospects remain bright, bolstered by the aging of the U.S. population. Individuals over 65 comprise an estimated 15.1 percent of the population as of the first quarter of this year, which is forecast to rise to nearly 19 percent by 2025.