Grocery Stores Not Just Boosting Nearby Retailers. They Help Homeowners, Too

The retail sector faces well-documented struggles today. But despite these challenges, several grocery store chains are thriving. Some are doing so well, that they not only provide a boost to the retailers around them, they are helping to increase the value of neighboring homes. ATTOM Data Solutions recently studied the financial impact of grocery stores on nearby homes. To do this, ATTOM researched 1,859 U.S. zip codes that had at least one Whole Foods, Trader Joe’s and ALDI store. ATTOM found that homes located near a Trader Joe’s saw an average home seller return on investment of 51 percent. Homes near a Whole Foods saw an average home seller return on investment of 41 percent. That figure stood at 34 percent for homes near an ALDI. Click to read more at www.rejournals.com.