Are Gas Stations the New Grocery Stores?

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Are gas stations and convenience stores the new grocery stores?  That’s the gist of a recent article by Chase Bank about the cultural shift taking place among shopping habits – particularly among millennials.   They report that in 2014, convenience stores accounted for 11% of food & beverage stops – up from around 8% in 2006.  Keep in mind that these stores sell an estimated 80% of all fuel purchased.   Real Estate investors take note…..it may not be about the best deal anymore, more and more it’s about convenience.

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Director of Education & Outreach, National Real Estate Investors Association