business news in context, analysis with attitude

• The Wall Street Journal reports that "small investors are buying up stand-alone retail sites that house Wal-Mart Stores Inc.’s smaller grocery stores in the South, eyeing the stable revenues being generated by the largest U.S. grocer ... These buildings have so-called triple-net-lease structures, which are typically leased to single tenants such as McDonalds’s Corp. or CVS Corp. Landlords simply own the buildings, while tenants under long-term leases of about 10 to 20 years manage the properties and pay the operating expenses and taxes. These real-estate holdings are seen to generate low but stable yields."
KC's View: