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Walgreens closing more stores in SF

Jayjay25

Sophomore Member
Joined
Oct 9, 2013
Professional Status
Certified Residential Appraiser
State
Connecticut
Steal whatever you want from Walgreens with no penalty but in California, porch pirates get 1 year in prison for stealing Amazon packages. Can’t make this stuff up.
 

Fernando

Thread Starter
Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
Steal whatever you want from Walgreens with no penalty but in California, porch pirates get 1 year in prison for stealing Amazon packages. Can’t make this stuff up.
And how many years they get in Connecticut?
I openly discuss the smash and grab in CA and I hear other parts in US have similar crime so this is not an isolated problem in CA.
The criminals caught here I see are from the poorer parts of the region.
Could this be a sociological problem in which the poor are rising up which I always fear would happen. They don't care about the laws and do what they can and get away.
 

Dublin ohio

Senior Member
Joined
Mar 20, 2008
Professional Status
Licensed Appraiser
State
Ohio
Could this be a sociological problem in which the poor are rising up which I always fear would happen.
Seriously. Have you seen the videos. These poor people are not exactly driving beaters.
 

Fernando

Thread Starter
Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
They don't have to care about laws that aren't being enforced
So cities also having smash and grab like in Chicago have lax unenforced laws?
 

PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
Investors apparently don’t share this groups concerns … according to The Boulder Group, Walgreens cap rates are down 85 basis points over the last 12 months to an average of 5.4%, with CVS rates down 35 bp to 5.15%. I guess they don’t think the world is coming to an end …
 

Dublin ohio

Senior Member
Joined
Mar 20, 2008
Professional Status
Licensed Appraiser
State
Ohio
Investors apparently don’t share this groups concerns … according to The Boulder Group, Walgreens cap rates are down 85 basis points over the last 12 months to an average of 5.4%, with CVS rates down 35 bp to 5.15%. I guess they don’t think the world is coming to an end …
Not sure what you mean. This "groups" concern appears to be about uncontrolled theft. Not cap rates
 

PL1957

Senior Member
Joined
Jul 19, 2004
Professional Status
Certified General Appraiser
State
Illinois
Not sure what you mean. This "groups" concern appears to be about uncontrolled theft. Not cap rates
If investors thought “uncontrolled theft” was an issue, instead of an anomaly, their investments in these retail properties would be riskier, requiring a higher rate of return.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Porch thief fail...but good news, she can sue the homeowner now.
 
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