The single-tenant net lease sector is well positioned for improving fundamentals this year as construction remains tepid and more companies resume expansion plans. 

That's resulting in quicker rent growth as retailers backfill spaces, according to a new analysis from Marcus & Millichap – a trend that is likely to accelerate as certain types of retailers continue to benefit from changing consumer preferences and behaviors.

In particular, car parts vendors are doing well as more consumers shift to vehicle ownership, which fast food restaurants have "generally recovered" in-house dining.  Wendy's and Jack In The Box are both resuming previously paused expansion plans, for example, though labor shortages continue to plague the food and beverage sector.

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