Taylor Street: Net Lease Opportunities: STNL Deals, Multi-Tenant Outlook, 1031 Exchange Landscape

 

Where does net lease stand at the moment? As cap rates compress for single tenant net lease (STNL) deals, investors are expanding their outlooks to find retail opportunities. Multi-tenant centers, particularly three-to-five-tenant strip centers, are the property types currently appealing to Jake Baratz, sales manager & vice president of retail at Taylor Street.

These traditionally second-tier net lease options are now garnering a second glance from STNL buyers and 1031 exchange buyers, especially for assets with strong tenants, long-term leases and good cashflow.

Baratz sees increasing numbers of 1031 buyers arriving from the world of multifamily. “They’re looking to capitalize on a really strong market and strong pricing there and take the opportunity to shift into something less management intensive.”

Watch the video to learn more about net lease, what deals investors are considering and why.

This video was created as part of the Retail Insight newsletter by Shopping Center Business, a brief newsletter series leading up to the ICSC LAS VEGAS conference and including post-conference video interviews. Watch all the 2022 Retail Insight videos here.

The videos in the publication are created in conjunction with our content partners, which sponsor the newsletter. Click here to subscribe.
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