Single-Tenant Net Lease Retail Investment Report

Sales activity improved markedly in 2025 and remained elevated on a trailing 12-month basis as of the first quarter of 2026. Investors appear to be coming to better terms with the current interest rate environment, with individual transactions representing a primary area of growth. While larger geopolitical events continue to unfold, generally favorable property operations and the unique characteristics of STNL Retail aid the investment prospectus.

• Latest data on investment sales activity for STNL Retail.
• Breakdown of sales activity by individual, portfolio and entity-level deals.
• Details on how cap rates are varying by tenant credit quality and remaining lease term.
• Examination of the historical spread between interest rates and cap rates.