BALTIMORE-Marcus & Millichap Real Estate Investment Services has sold nine single-tenant net-lease properties for a total of $44.6 million. The transaction was not a portfolio sale, Marcus & Millichap broker Mark Taylor, in the firm’s Philadelphia office, tells Still, though, the nine separate sales speak volumes about the trajectory of the single-tenant net-lease market and investors’ growing love affair with it.

“Single-tenant net lease has become the darling of the investment community because of its stability of returns, low interest rates and demand for the assets,” Taylor says. Demand has been fueled by 1031 and 1033 buyers as well as investors leaving non-real estate fixed-rate instruments such as corporate bonds.

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