Everyday essential retail centers are retail properties primarily consisting of grocers, quick-service restaurants (QSRs), medical users (med-tail), personal services, and off-price or discount merchants. Everyday essential retail centers include grocery-anchored or unanchored properties whose physical presence is embedded in the fabric of everyday life.
Conventional wisdom suggests that an everyday essential retail center serves a three- to five-mile trade area. In the current environment, where merchants are focused on providing essential goods and services, proximity to customers is paramount, which translates to a more concentrated trade area of one to two miles. This hyper-local, high-frequency demand profile creates a fundamentally different investment profile from office, industrial or other forms of retail.
The density thesis
Household density is the variable that underpins the success of everyday essential retail. Densely populated subma
