AutoZone store.
Cap rates for the single tenant net leased auto parts storesector increased by 18 basis points to 6.44%, from the fourthquarter of 2018 to the fourth quarter of 2019, according to theQ42019 Net Lease Auto Parts Store Report published byWilmette-based The Boulder Group.
An increase in the supply of vintage properties with shorterlease terms remaining drove the rise in cap rates. "It is betterfor financing and better to know for sure you have your tenant inplace," says Randy Blankstein, President of The Boulder Group."With shorter lease terms, rollover risk happens sooner."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
