Single-Tenant and Net Lease Sales Face Headwinds
The single-tenant and net lease (STNL) space posted a strong performance in the first half of 2022, hitting an all-time high of $40.1 billion in investment sales. This number is 12% above 2021’s first-half figures, which marked the previous record. However, the pace of sales is easing. Volume in Q2 fell 35% from Q1 and 17% compared to last year. In addition, deal count was down 42% in Q2 compared to 2021. Rising interest rates have made transactions more challenging to complete, particularly for the private owner reliant on debt.
Download the report.