Sep
04

Calkain: NNN Cap Rates Dropped in August

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Overall cap rates dropped in August to an average of 6.58%. The sectors with the lowest cap rate averages were Banks (5.35%) and Pharmacies (6.29%). Dollar Stores had the highest average at 7.61%. That said, well located Dollar Stores with long term leases were seen trading in the mid to low 6 cap range. Typically deal flow slows somewhat in summer as people take vacations etc. The fourth quarter on the other hand is marked by intense deal flow as people seek to get exchanges completed before the year ends.

Net lease properties continue to be a highly desired asset and a good play for any investor with the requisite capital.

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    Categories : National News

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