The Boulder Group announced the release of its Net Lease Big Box Report today. In the fourth quarter of 2021 national asking cap rates in the single tenant big box sector decreased to 6.25%, according to the 2021 Net Lease Big Box Report. This represented a 50 basis point decrease.
Cap Rates for Single Tenant Big Box Properties Compress
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The Boulder Group cites increased investor interest for grocery and home improvement tenants as the primary reason
Cap rates in the single tenant net lease big box sector decreased by 25 basis points to 6.75% WILMETTE, Ill. (PRWEB) January 29, 2021 The Boulder Group announced the release of its Net Lease Big Box Report today. In the fourth quarter national asking cap rates in the single tenant big box sector decreased to 6.75%, according to the 2020 Net Lease Big Box Report. This represented a 25 basis point decrease when compared to the prior year.
“The decrease in cap rates can be primarily attributed an increased appetite from investors for big box tenants that operate in the essential business category such as grocery related and home improvement” says Randy Blankstein, President, The Boulder Group.