H1 2020 Single Tenant Net Lease Report

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Net Lease Sector Remains Healthy Despite Challenges Imposed by COVID-19

Colliers' H1 2020 Single Tenant Net Lease Report examines COVID-19’s varying impact across retail sectors and regions. Without question, non-essential retailers like clothing stores, movie theatres and bars have borne the brunt of social distancing and lockdown measures while many essential retailers like grocery and home improvement stores experienced little to no decline in sales. Retailers were forced to adapt their business model over the past few months, and those that have already established or are planning to establish a seamless omnichannel approach will thrive moving forward.

As for the net lease sector, properties with investment grade rated tenants that are minimally impacted by COVID-19 will remain in favor. We expect to see continued competition among investors for high-quality net lease properties. With the stabilization of the 10-year treasury, at least for the next few years, investors should continue to garner higher leveraged returns. Net leases will remain an active vehicle for 1031 exchanges and we anticipate that cap rate expansion or contraction will continue to be largely driven by sector, location and quality of the tenant.


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H1 2020 Single Tenant Net Lease Report

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Anjee Solanki

National Director, Retail Services

San Francisco

AREA OF EXPERTISE

In Anjee’s current role, as National Retail Director for the USA, she has developed strong relationships and strategic leadership to over 500 + retail professional nationally across 140 markets within Colliers for Investment Sales, Agency, Retailer Rep, and Retail Asset & Property Management.

Anjee Solanki brings 30 years of focused retail real estate experience to Colliers International.  She provides strategic retail advisory services to enhance value for her clients with her expertise in lifestyle, community, power center, neighborhood, mixed-use retail/residential, and resort retail. 

She has developed and manages strong working relationships with institutional and private clients such as State of Florida, State of Michigan, Heitman, Invesco, Grosvenor Americas, American Realty Advisors, TH Realty, PNC, and Zurich to name a few.

Her strategy identifies current market and property inefficiencies to capture untapped value through asset repositioning, releasing, redevelopment, rehabilitation, proactive management, and enhanced marketing. 

Creative problem-solving is her specialty, and she becomes a key stakeholder with national and international retailers, such as JPMC, Opry City Stage/Ole Red and Tim Hortons, and many others. Her highly focused approach reduces the risk profile and provides clients with a thoughtful approach executing strategic multi-year planning initiatives. 

BUSINESS BACKGROUND

Previously, Anjee served as Executive Vice President, Retail Services for Madison Marquette. She successfully assisted with repositioning community centers to lifestyle projects and identified opportunities to create value, resulting in higher returns for her clients. She also provided strategic analysis on complex redevelopment projects to address both the asset’s financial stabilization and/or the client’s exit strategy

BLOG

Anjee continues to be an insatiable collector of all things retail. She’s a student of culture living next door to future shoppers, whose fleeting trends constantly change the retail landscape … driving retailers, landlords and developers crazy! Read her Blog at:  https://knowledge-leader.colliers.com/author/anjee-solanki 

COMMUNITY INVOLVEMENT

Anjee is originally from Southern California and currently resides in San Francisco.  She is active in the Rincon Hill neighborhood residential improvement group, which participates in the public review of the highly anticipated Salesforce Transit Center in San Francisco.
 

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