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Jon Hipp

We recently pointed out that, while the net lease sector consists of commercial properties involving specific lease arrangements, the tenants and their industry sectors are different. One very good example involves comparisons between auto supply retailers and banking centers. These sectors are similar from a net-lease perspective, in that they are often found in stand-alone buildings that are easily accessible, offer high visibility and allow the lessee to control brand identity through signage and layout.

But these tenants are also different when it comes to product and service offerings. As such, net lease investors should understand industry trends and issues before putting money into these properties.

Driving to an Auto Parts Explanation

The average price of automotive property, specifically auto part stores, is around $1.6M, with the average cap rate hovering around 6.25%

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