Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO—In April, GlobeSt.com reported that the cap rates for single-tenant net-leased properties were at historic lows. And that market now looks especially good for banks. The Boulder Group just completed the sale of a single-tenant Fifth Third Bank located at 240 Skokie Boulevard in suburban Northbrook for $3,925,000, and officials from the brokerage firm say they will probably sign a lot of similar deals throughout the year.   

“Banks have become the hottest part of the net-lease sector,” says Randy Blankstein, president of The Boulder Group. Although the market for other retail outlets remains healthy, “the difference is that the credit ratings of banks are much stronger and banks are typically in better [than average] demographic areas like Northbrook,” an affluent suburb with above average household incomes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


GlobeSt Net Lease Spring 2022Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.