Overall cap rates dropped in August to an average of 6.58%. Thesectors with the lowest cap rate averages were Banks (5.35%) andPharmacies (6.29%). Dollar Stores had the highest average at 7.61%.That said, well located Dollar Stores with long term leases wereseen trading in the mid to low 6 cap range. Typically deal flowslows somewhat in summer as people take vacations etc. The fourthquarter on the otherhand is marked by intense deal flow as peopleseek to get exchanges completed before the year ends.
Net lease properties continue to be a highly desired asset and agood play for any investor with the requisite capital.
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