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Casual Dining Property Pricing Drops Dramatically In Q1

COVID, with casual dining and a lot of other sectors, has accelerated the problems that the weaker players had to a large extent, says Boulder Group president Randy Blankstein.

By Les Shaver | May 28, 2020 at 04:06 PM

In the first quarter, national asking cap rates in the single-tenant casual dining sector increased to 6.59%, according to The Boulder Group’s 2020 Net Lease Casual Dining Report. That was a 27-basis point increase compared to Q1 2020.

Cap rates didn’t increase evenly across casual dining. Those properties with guaranteed leases generated cap rates of 6.25%, while franchisee leased properties had cap rates of 7.00%.

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