Amazon’s acquisition of Whole Foods Market is getting the attention these days, with the deal grabbing headlines since June. But there’s also revolution occurring in the food aisles: Grocers are adapting quickly to surging consumer demand for fresher items, personalized options, and digital power to give themselves an edge in the battle for the grocery dollar.
The grocer saw a traffic bump of 25 percent nationally in the first two days after the Amazon takeover.
Cutting-edge technology is essential for big-brands who want their retail empires to continue to succeed and outpace competitors in today’s (and probably tomorrow’s) retail landscape. E-commerce has created a shift in consumer wants and behaviors towards retail, however, the right technology can feed into those wants and positive behaviors.
Here are three important ways technology is changing brick-and-mortar for the future.
CHANCE FOR REDEMPTION
If you’ve never stepped foot into a Whole Foods before because you felt the high price points weren’t worth emptying your wallet over artisanal cheeses and organic produce, you might want to give them a second chance.
After sealing the $13.7 million dollar deal on Monday, Amazon is the proud new owner of Whole Foods. They’ve already begun lowering prices in their brick-and-mortar locations.
SAN JOSE — After an anchoring Nob Hill grocery store closed in a prominent shopping center two years ago, the owners of a Chinese restaurant a few doors down hoped a new retailer would jump right in.
It hasn’t happened. The former supermarket building at 7076 Santa Teresa Boulevard has sat empty. And instead of drawing hungry shoppers, it gathers trash and a pesky new tenant — rats.
ELK GROVE, CA – July 12, 2017- NAI Northern California, the Bay Area presence for NAI Global, the largest commercial real estate brokerage network in the world, is proud to announce the $7.34 million sale of a Walgreens located in Elk Grove, CA. Vice President, Mary Alam, arranged the sale and represented both the buyer and seller in this off-market transaction.
Mary Alam, who specializes in single and multi-tenant retail investment sales, indicated that this transaction reflects the continued demand for more secure real estate investments in light of negative news surrounding the state of brick and mortar retail.
Drugstores have proven to be among the most successful and stable of retail tenants in this environment. This 10-year-old, long-standing Walgreens purchased at a 5.64% CAP presents itself as a valuable opportunity as an absolute NNN investment providing a stable, trophy asset for investors.
“This acquisition is a great addition to the buyer’s portfolio due to the high credit rating of the tenant, the long-term NNN lease with no landlord responsibilities, and a great location in Elk Grove which has consistently ranked as the fastest growing city in California,” said Alam.
Located on 9200 Elk Grove Florin Road, this property stands on the busy four-way intersection of Elk Grove Florin Road and Bond Road with easy access to Highway 99. The 14,480 SF drugstore is the only large pharmacy within a one-mile radius and provides ample parking, a double-lane drive-thru window, as well as charging stations for electric and hybrid cars.
About NAI Global
NAI Northern California is at the leading edge of technology, collaborative culture, and training, giving our local professionals a competitive advantage and creating better outcomes for our clients. We are consistently a top Commercial Brokerage in the Bay Area, and continue to grow our team and revenues.
NAI Global is the largest commercial real estate brokerage network. Founded in 1978, today NAI Global has more than 400 offices worldwide and over 7,000 professionals, managing over 425 million square feet of property. Global offices deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
To learn more, visit www.nainorcal.com
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Almost everyone wants to be healthier and more financially secure. Much of the advice you see is either unsupported or difficult to implement. Here are 5 areas confirmed by virtually all research to be positive, beneficial additions to your life that you can easily embrace right now. It’s worth noting that health always improves your base from which you can work towards financial success and the reverse isn’t often true.
- Start your day at 5:30 am. The statistics are undeniable. This is the right decision. Furthermore, no research supports the common “I’m a night person” statement. Unfortunately, saying “get up early” is as effective as saying, “get a job”. So here’s how to actually do it.
- Step 1: Figure out your personal motivating factors
- Step 2: Visualize value you’ll receive like success & health
- Step 3: Visualize the negatives of late rising like grogginess, running late, wasteful mornings and missed opportunities
- Step 4: Tell friends and family, share this article, and tell them you are committed to this change. This will help your guilt factor. You could also commit to Soul Cycle or another cultish early morning group class.
- Step 5: Practice now (or next time you’re home) by getting in bed with your alarm set for 3 minutes later. Gently but immediately get out of bed. Do this 5-10 times. Seriously. Don’t skip this last step.