October 9 | GlobeSt

Cap Rates Continue to Drop for Net Lease Properties | by Erika Morphy

Erika Morphy writes: The dominant story line for credit tenant net lease assets—the decline of cap rates in this space—continues, according to the latest quarterly report by locally-based Calkain Cos., and New York City-based Chandan Economics. Cap rates for retail net lease properties tracked by Chandan declined to a rolling average of 7.1% in June. Also, preliminary data for July and August show the compression continuing into the third quarter--even as spreads over the risk-free benchmark widened.

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