Search
 

Net Lease Cap Rates Rise as Supply Surges

A third of the properties currently on the market are newly available listings.

By Kristen Smithberg | January 27, 2025 at 07:02 AM

Supply of assets across all classes has increased since the end of August, with more than a third of properties currently on the market comprising newly available listings, according to B+E’s January cap rate report. Casual dining led all sectors with a 21% increase in supply, followed by banking at 20% and convenience stores at 17%.

Among casual dining assets, Pizza Hut had the most properties on the market, with 67 locations holding an average term of 13.3 years and an average price of $1.3 million. Bob Evans, IHOP and Panera Bread each had 21 locations on the market.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.