2 key convenience retail REITs

Financial Journalist
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My local petrol station does a roaring trade. Mornings feature queues of tradies buying cheap coffee and afternoons are packed with school kids seeking sugary drinks. In between are residents like me who buy petrol, newspapers or occasionally milk and bread.

The petrol station corners two busy roads and the closest alternative is a few kilometres away. Large apartment developments nearby are boosting car numbers and fuel demand at the station, not to mention ice-cream and drinks sales on a hot day.

If nervous consumers are cutting spending, it’s not evident at my local petrol station. There’s always a line to use the fuel bowsers, even though the petrol is slightly dearer. More people seem to be buying its cheap coffee and on-the-go food, perhaps trading down from dearer options.

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