Cap rates for net lease retail properties continued to remain low at the close of summer 2013. Segments such as Banks, C-Stores and Pharmacies sporting some of the lowest average rates. Investors have begun to be bolder in regards to their investment criteria as top tier assets remain in short supply and high demand. However, the future of net lease retail development seems to shine bright from the multiple reports of new developments finally breaking ground this year and into the next. More product and higher interest rates will eventually force cap rates up but for now they remain low.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
