Drive-thru lanes continue to drive value and investor interest in the single tenant quick service restaurant (QSR) sector.
Their national asking cap rates hit a historic low of 5.26 percent in Q2, according to The Boulder Group's 2021 Net Lease QSR Market Report, representing a 39 basis points decrease in Q2 when compared to the prior year.
Cap rates for corporate leased QSR properties declined by 20 basis points to 5 percent while QSR properties leased to franchisees declined by 43 basis points to 5.40 percent, Randy Blankstein, President, The Boulder Group, said in a release Aug. 27.
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