Net Lease Market: Tight!
The San Diego retail net lease market remains incredibly tight, Lee & Associates principal Ryan Bennett tells us, characterized by high investor demand. This demand, coupled with a constrained supply, is keeping cap rates in the 4% to 5% range for well-located properties that have longer-term leases. Ryan’s snapped with colleague Ryan Barr in Anguilla. Recently the duo repped Coastal Realty Investors in its sale of 3726 S Mooney Blvd in Visalia, which is leased to an El Pollo Loco.