The Midwest market has been largely ignored by the triple netleased (NNN) investor pool mainly due to lack of professionalsfocused on the area and the focus placed on prime sites in citiessuch as New York and Washington DC. However, as the macroeconomicoutlook is improving in primary markets and inventory of primeassets still low, the Midwest is now seeing an uptick in investmentgrade credit tenants seeking new markets that have the demographicsto support expansion. This in turn, has led to greater investorinterest in the area.
There are new opportunities in the Midwest as investors whoinitially competed for the primary market assets are now seekingalternatives in the Midwest for the same credit at a discount. TheMidwest is perfectly situated to provide fertile new ground forcredit tenant expansion and new investment opportunities for theheavily in-demand net lease market.
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