A market dominated by auto parts retailers, the single-tenant auto sector's national asking cap rates decreased to 5.40% in Q4, according to The Boulder Group's 2021 Net Lease Auto Report.

This represented a 49-basis point increase when compared to the prior year.

Overall market conditions in the net lease sector and increased demand were the primary contributors to the cap rates' decrease, said Randy Blankstein, president, The Boulder Group.

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