Articles for net lease owners.
What Determines the Value of a NNN Property?
A plain-English guide for owners of single-tenant net lease retail: the lease, tenant, location, and market factors buyers weigh when pricing a NNN property.
Start here. This guide covers how NOI and cap rate set value, and walks through every lease, tenant, real estate, and market factor buyers weigh, with links to a deeper article on each.
Read the guideEvery factor, explained.
Lease Term Remaining: How It Affects Value and Cap Rate
Why the years left on your net lease shape buyer demand, cap rate, and price, and what owners of single-tenant retail should know about timing a sale.
ReadNN vs. NNN Leases: Landlord Responsibilities for Roof, Structure, and Parking Lot
What separates an NN lease from a NNN lease, which costs a landlord may carry for roof, structure, and parking lot, and how buyers factor that into value.
ReadTenant Credit and Corporate vs. Franchisee Guarantees
Why the guarantor behind a net lease matters, how corporate and franchisee guarantees differ, and how owners can look up a tenant's credit information.
ReadRent Increases and Renewal Options
How scheduled rent increases and renewal options affect the income and value of a single-tenant net lease property, and what buyers look for in each.
ReadCap Rates and Interest Rates
What a cap rate is, how it converts rent into value, and how interest rates and buyer demand influence net lease cap rates, explained for property owners.
ReadLocation: 1, 3, 5, and 10-Mile Radius Population and Household Income
How buyers read 1, 3, 5, and 10-mile population and household income around a net lease property, and why the right numbers depend on the type of market.
ReadTraffic Counts (Vehicles Per Day), Visibility, and Access
How vehicles per day, visibility, signage, curb cuts, and turn access affect the appeal and value of a single-tenant net lease retail property.
ReadCrime and Area Demographics
How net lease buyers and lenders review crime data and area trends around a single-tenant retail property, where the data comes from, and its limits.
ReadBuilding Age and Condition
How a building's age and the condition of its roof, HVAC, and parking lot affect buyer interest, due diligence, and the value of a net lease property.
ReadMarket research.
Net Lease Retail as Fixed Income: Cap Rates Against Treasury Yields
How single-tenant NNN retail compares with Treasury securities as an income investment, how the cap rate spread has narrowed since 2021, and what that means for buyers and sellers.
ReadStore Openings Have Slowed. Treasury Issuance Has Not.
Discount retail store growth has cooled since 2022 while U.S. Treasury debt keeps climbing. What the gap means for NNN cap rates, buyers and sellers.
ReadMoney Supply, Construction Costs and the Value of Existing Net Lease Retail
How M2 growth, input prices, labor and rates have raised construction costs, and what replacement cost means for single-tenant NNN retail investors.
ReadCredit profiles of national net lease tenants.
Ownership, store counts, recent changes, and market data for more than 100 tenants across 12 sectors.
Mergers, closures, bankruptcies and rating actions.
Dated tenant credit developments with why each matters to owners and buyers.
U.S. Treasury yields
Buyers of net lease property commonly weigh cap rates against Treasury yields. Shown are the Treasury’s daily par yields for four maturities, with a 12-month trend for each.
As of Nov. 9, 2026. Daily par yield curve rates; change shown in basis points. 12-month trend. Source: U.S. Department of the Treasury.
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