Marcus & Millichap

Net Lease Single-Tenant

  • $8,760,900,000 Value of recently closed transactions
  • 3,112 Closed sales in most recent year
  • $3,444,325,967 Total value of recent listings Search current listings
Investor demand for net lease properties often exceeds the number of available listings for good reason, since tenants typically pay for maintenance costs and taxes and they have proven to hold their value over time.
1,192 Net Lease Single-Tenant Properties Available Now
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Marcus & Millichap's Net Lease Properties Division specializes in providing advisory and transaction services for all types of single-tenant properties. As the industry's leading group specializing in single-tenant properties, our investment professionals possess an unrivaled level of expertise and market knowledge. As the leader in investment brokerage, Marcus & Millichap agents leverage the industry's most powerful marketing platform and an array of value-added services to maximize value for clients.

Scott Holmes

Scott M. Holmes
Senior Vice President / National Director, National Retail Division
(602) 687-6700
scott.holmes@marcusmillichap.com

Featured Net Lease Single-Tenant Properties

Wendy’s Kalamazoo MI $123K Household Income

Net Leased Restaurant

$2,300,000
Portage, MI

Walgreens - Rent Increases

Net Leased Drug Store

$10,168,355
Goodyear, AZ

Walgreens Pharmacy (Flagstaff MSA)

Net Leased Drug Store

$7,425,238
Sedona, AZ

Walgreens Pharmacy (Los Angeles MSA)

Net Leased Drug Store

$9,801,000
Arleta, CA

Walgreens Pharmacy (Sacramento MSA)

Net Leased Drug Store

$6,502,381
Woodland, CA

Walgreens Pharmacy (Inland Empire of Southern CA)

Net Leased Drug Store

$8,440,777
Chino, CA
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Net Lease Single-Tenant Research and Data

Net Lease Retail Health Club Report

Gyms poised for additional growth.The fitness industry continues to quickly expand as...

Single-Tenant Net Lease

Single-Tenant Investments Continue to Deliver Stability; Retailers Tame Expansion Plans as They...

Net Lease Single-Tenant Market

Net Lease Assets Favored Amid Limited Development Cycle

Consumption growth steady as hiring extends into sixth year. The continued employment growth cycle has helped support consistent gains in retail sales despite tepid wages. For retail center owners, positive economic momentum has steadily tightened vacancy without sparking significant construction. To address limited space availability, retailers have been working with developers to expand the pipeline of single-tenant floor plans, with deliveries topping 39 million square feet in 2015, accounting for the vast majority of retail completions. While internationally driven headwinds prompted some volatility in the first quarter, positive traction has boosted confidence and limited caution, at least for the short term. Considering bars and restaurants have been a leading retail growth sector, the outlook for these and other net lease assets remains strong.

Investors trading out of other assets via 1031-exchanges lead net lease buyer pool. As a growing number of property owners near retirement, many are choosing to transition their investment portfolios from apartment assets that are trading at a premium into net lease retail properties throughout the U.S. Benefits can include higher initial yields than other low-maintenance options and reduced volatility relative to other property types. Net lease properties offer a wide range of choices with average cap rates in the mid-5 percent range, depending on location and tenancy. While pending mergers and minimum-wage concerns made headlines in several net lease sectors, deal flow was limited by a lack of available listings rather than a slowdown in demand. Investors typically use cash to close transactions, underscoring the amount of capital readily available for well-positioned assets with corporate credit tenants. Although cap rates are likely to remain stable due to the tight spread between credit financing and prices, willing investors continue to actively search for attractive offerings. With several states considering more stringent definitions of like-kind exchanges, potentially limiting where acquisitions can be made, the current demand for net lease properties remains robust.