In the second quarter, national asking cap rates in the single-tenant Quick Service Restaurant (QSR) sector increased to 5.65%, which represented a 30-basis point increase when compared to the prior year, according to The Boulder Group’s Net Lease (QSR) Report.
Cap rates for corporate-leased QSR properties were unchanged at 5.20%. Cap rates for QSR properties leased to franchisees increased by 15 basis points to a 5.83%.