In the second quarter, national asking cap rates in the single-tenant Quick Service Restaurant (QSR) sector increased to 5.65%, which represented a 30-basis point increase when compared to the prior year, according to The Boulder Group's Net Lease (QSR) Report.
Cap rates for corporate-leased QSR properties were unchanged at 5.20%. Cap rates for QSR properties leased to franchisees increased by 15 basis points to a 5.83%.
"OSR always does well because of the drive-through component," says Randy Blankstein, president of The Boulder Group.
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