The market for single-tenant retail is seeing increasinginvestor demand. So much, in fact, that investors are beingforced out of California to look for opportunities andyield. The driver of all of this demand? Baby boomers. Thegeneration is retiring and cashing out of high-managementproperties, like office and apartment buildings, and into lessmanagement-intensive properties. Single-tenant, triple-net retailis the demographics' favored asset class.

“The baby boom generation is big, and they are all retiring. The60 year olds to 80 year olds are retiring, and they are cashing outof an office building or apartment building into what I call couponclippers,” Eric Carlton, SVP at ColliersInternational, tells GlobeSt.com. “It is mailbox money.Our grandparents used to buy bonds, and they would get paid everymonth. That is what is happening here. There is a socio-economicpattern that is happening with money that is being placed intosingle-tenant retail because of the age of our population. It is aretirement plan.”