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But, investors are also seeing COVID discounts of 4% to 10% on acquisitions during the pandemic.

After founding Hines in 1957, Gerald Hines gained notoriety as a visionary in the industry and the firm would go on to be involved in some of the world's most recognizable architectural landmarks.

The extension adds an additional $44 million in gross rent over the lease term.

Net lease investors migrate to drug stores, quick-service restaurants and dollar stores.

But this tenant-friendly environment will likely only last for the next 12 to 18 months, says CBRE's Spencer Levy.

The Jupiter, FL 42-bed project represents more than $25 million in capital investment within the area.

Foot traffic at malls and outlet centers has steadily climbed since May, according to an S&P report.

"I think that traditional capital markets have much less power than they did before."