As investors chased big box assets with investment-grade, essential tenants, cap rates in the single tenant net lease big-box sector decreased by 25 basis points to 6.75% from Q4 2019 to  Q4 2020, according to The Net Lease Big Box Report from The Boulder Group.

Properties with grocery related tenancy accounted for more than 30% of the market, up 22% from 2019. But properties with tenants, such as Walmart, Costco, Target, Home Depot and Lowe’s also did well.

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