Single-tenant net lease assets "smooth out volatility and create predictability in a portfolio."

Non-national retailers, however, have not yet surpassed 90% in rent payment, according to the latest data from Datex Property Solutions.

The investor has acquired 49 acres in the North Bay to build a 700,000-square-foot, five-building industrial facility.

"Between job creation, population growth and the strong demographics of people moving here, I see there is going to be a lot of continued growth," said a Miami developer.