Global Real Estate Intelligence
The Boulder GroupReport

Net Lease Research Report

The Boulder Group reported single tenant net lease cap rate stabilization continued in the fourth quarter of 2025, with overall cap rates increasing one basis point to 6.81 percent and retail cap rates compressing to 6.55 percent. High-credit retailers commanded sub-6 percent cap rates while challenged tenants traded above 7 percent.

Net LeaseRetailOfficeIndustrial & LogisticsU.S. National
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