NNNTripleNet - Daily Intelligence for CRE Investors

Featured Analysis

Spring 2026: Cap Rate Compression Has Begun — Where NNN Investors Should Look Now

After 12 quarters of expansion, net lease cap rates are finally compressing. Q1 2026 transaction data across 280+ deals shows the tightest spreads since 2022. We analyze which tenant categories offer the best entry points before the window narrows.

NNN Research Desk14 min readMar 19, 2026

10-Year Treasury YieldFRED DGS10

4.25%+16 bps

infoWhy the 10-Year Matters for CRE

The 10-year Treasury yield is the benchmark rate that drives commercial real estate valuations. CRE loans, especially CMBS, are typically priced as a spread over the 10-year. When yields fall, borrowing costs decrease and property values tend to rise. Cap rate spreads over the 10-year determine whether investors achieve positive leverage - earning more from property income than they pay in debt service. A wider spread signals stronger risk-adjusted returns for NNN investors.

Today's Intelligence

Market Update

Connect Industrial Midwest 2026 Recap (VIDEO)

At the recent Connect Industrial Midwest event, leaders from across the commercial real estate industry gathered to discuss the combination of steady fundamentals, improving leasing activity, and renewed capital movement in industrial. “Luckily in the Midwest, we didn’t see a ton of supply and get way over our skis,” said Kevin Brennan, Chief Investment Officer ... The post Connect Industrial Midwest 2026 Recap (VIDEO) appeared first on Connect CRE .

1 min read

Market Update

Champaign Workforce Housing Development Launches Lease Up

Royse + Brinkmeyer announced the start of lease-up for The Pilot, a new mixed-income residential community that will deliver 151 modern apartments, townhomes, and lofts to Champaign’s historic In-Town Neighborhood. Supported by a unique blended financing structure from PNC Bank, The Pilot includes five planned properties designed to expand workforce housing options in the city. ... The post Champaign Workforce Housing Development Launches Lease Up appeared first on Connect CRE .

1 min read

Market Update

Nonprofit Leases Two Floors for Largest Tenancy at 39 Broadway

Nonprofit organization Fedcap has signed a new 37,760-square-foot lease for its new headquarters at 39 Broadway in Manhattan’s Financial District. The company occupies the entire second and third floors of the 37-story Art Deco office tower under a six-year lease agreement, marking the largest tenancy currently in the building. Founded more than 90 years ago, ... The post Nonprofit Leases Two Floors for Largest Tenancy at 39 Broadway appeared first on Connect CRE .

1 min read

Market Update

BH Properties Makes First Hawai‘ian Acquisition

Los Angeles-based investment firm BH Properties has acquired The Shops at Mauna Lani, a premier open-air retail center located along the Kohala Coast on the Island of Hawai‘i. Located at 68-1330 Mauna Lani Dr. in Kamuela, the approximately six-acre property serves as the primary retail and dining destination for the surrounding Waikoloa Resort Area. Terms ... The post BH Properties Makes First Hawai‘ian Acquisition appeared first on Connect CRE .

1 min read

Market Update

BHI Lends on Recapitalization of Midtown East Tower Ahead of Resi Conversion

BHI, the U.S Branch of Bank Hapoalim, B.M. and a full-service commercial bank, has provided Quantum Pacific Realty and partner Metro Loft with $88 million to finance the recapitalization of 845 Third Ave., a 21-story, 350,000-square-foot office building located in Midtown East, ahead of plans to convert the property into a 529-unit residential rental property. ... The post BHI Lends on Recapitalization of Midtown East Tower Ahead of Resi Conversion appeared first on Connect CRE .

1 min read

Market Update

Mark Strauss Riding Coast to Coast to Combat Childhood Hunger

Managing director, capital markets Mark Strauss of Walker & Dunlop is a man with a triple mission: to raise $1 million for million for No Kid Hungry, to raise awareness of childhood hunger, and to complete a coast-to-coast bicycle ride at the same time. At 73 years old, Strauss will begin the 3,388-mile ride from coastal Corona del Mar in Southern California to the Delaware resort town of ... The post Mark Strauss Riding Coast to Coast to Combat Childhood Hunger appeared first on Connect

1 min read

Tenant	Type	Price	Cap Rate	Lease	Market
MultiCare Acquires Former Rite Aid Site in Renton	NNN Deal	$7.3M	N/A	N/A
Fairfax County to Sell 42 Acres in Chantilly for $167M to Data Center Developer	NNN Deal	$167M	N/A	N/A
Utah Geothermal Plant Scores $421M Financing	NNN Deal	$421M	N/A	N/A
BKM Pays $43M for NW Phoenix Business Park	NNN Deal	$43M	N/A	N/A
Arrow Real Estate Advisors Arranges $53M Refinance for Illinois MF	NNN Deal	$53M	N/A	N/A
Alliance Secures Huntersville Site for 358-Unit Rental Community	NNN Deal	$8M	N/A	N/A
Tredway Takes on 16 Texas Rental Communities	NNN Deal	$65.5M	N/A	N/A
NAI Hiffman Brokers Long-Term MOB Lease in New Lenox	NNN Deal	$88.6M	N/A	N/A	New Lenox NA
Marcus & Millichap Brokers Sale of Missouri CVS Property	NNN Deal	$2.975M	N/A	N/A
Site Secured for Massive UA Student Housing Project	NNN Deal	$25M	N/A	N/A
CBRE Arranges Sale of 34-Unit Multifamily in Milwaukee	NNN Deal	$8.25M	N/A	N/A	Milwaukee CB
Hanley Closes Four Retail Sales for Orange County Investor	NNN Deal	$32M	N/A	N/A
PEBB Inks $35M Refi on Boca Raton Office Properties	NNN Deal	$35M	N/A	N/A
Onetime Atlanta Apartment Community Now 236 Condos	NNN Deal	$55M	N/A	N/A
TXRE Offloads 83K-SF Arlington Office Building	NNN Deal	$10.5M	N/A	N/A
Phoenix Investment Group Converting Sheraton Crescent to Apartments	NNN Deal	$9.25M	N/A	N/A
Stryker, Griffon Capital Land $57M Construction Loan for Frisco Apartments	NNN Deal	$57M	N/A	N/A
Buchanan Partners Acquires Inova’s Former Merrifield HQ for $13M	NNN Deal	$13M	N/A	N/A
Owner/User Pays $28M for Compton Warehouse	NNN Deal	$28M	N/A	N/A
SVN Chicago Facilitates Sale of Bridgeport Multifamily Property	NNN Deal	$1.2M	N/A	N/A
Partnership Acquires Tribeca Rentals for $32M	NNN Deal	$32M	N/A	N/A
Chicago/Midwest People & Company News, week of March 13, 2026	NNN Deal	$315M	N/A	N/A
BREAKING NEWS: Savills Acquisition of Eastdil to Create “Global Real Estate Powe	NNN Deal	$921.25M	N/A	N/A
Black Bear Capital Arranges Lease-Up Financing for Central Islip Apartments	NNN Deal	$39M	N/A	N/A	Central Islip, NY
Northmarq Brokers $44M Sale of Omaha Metro Apartments	NNN Deal	$44M	N/A	N/A
Prime Sarasota Parcel Hits the Market	NNN Deal	$25M	N/A	N/A
Developer Picks Up Concord Site for 8-Building Industrial Park	NNN Deal	$5.45M	N/A	N/A
Parcel Assemblage Sale Sets East Williamsburg Record for Pricing	NNN Deal	$13.5M	N/A	N/A
Foundry Acquires Three Florida Senior Care Centers	NNN Deal	$52M	N/A	N/A
Fort Collins Townhome Community Trades for $390K/Unit	NNN Deal	$40.8M	N/A	N/A
JLL IPT Adds Watertown Complex to Healthcare Portfolio	NNN Deal	$32M	N/A	N/A
Aldi	Grocery	$3,850,000	5.35%	15 yrs	St. Louis, MO
Caliber Collision	Auto Service	$2,350,000	5.80%	15 yrs	Phoenix, AZ
Boot Barn	Retail	$4,200,000	5.90%	10 yrs	Fort Worth, TX
Sherwin-Williams	Retail	$1,750,000	5.60%	10 yrs	Cleveland, OH
Advance Auto Parts	Auto Parts	$1,500,000	6.75%	10 yrs	Richmond, VA
RaceTrac	Convenience	$3,600,000	4.95%	15 yrs	Atlanta, GA
Casey's General Stores	Convenience	$3,200,000	5.15%	15 yrs	Des Moines, IA
Sheetz	Convenience	$4,750,000	4.70%	20 yrs	Roanoke, VA
Buc-ee's	Convenience	$18,500,000	4.40%	20 yrs	Daytona Beach, FL
QuikTrip	Convenience	$3,900,000	4.80%	20 yrs	Tulsa, OK
Big Lots	Retail	$2,800,000	7.50%	5 yrs	Tulsa, OK
Family Dollar	Discount	$1,100,000	7.10%	7 yrs	Jackson, MS
Dollar General	Discount	$1,550,000	6.40%	15 yrs	Birmingham, AL
Five Below	Discount	$2,400,000	5.85%	10 yrs	Tampa, FL
Dollar Tree	Discount	$1,275,000	6.50%	10 yrs	Little Rock, AR
Penske Truck Leasing	Industrial	$4,300,000	5.90%	12 yrs	Salt Lake City, UT
UPS Distribution	Industrial	$9,750,000	5.45%	15 yrs	Louisville, KY
XPO Logistics	Industrial	$6,800,000	6.10%	10 yrs	Cincinnati, OH
DHL Supply Chain	Industrial	$7,200,000	5.80%	12 yrs	Memphis, TN
Amazon Last Mile	Industrial	$12,500,000	5.25%	10 yrs	Dallas, TX
Oak Street Health	Medical	$4,100,000	5.50%	15 yrs	Chicago, IL
Dialysis Clinic Inc.	Medical	$3,400,000	6.20%	10 yrs	Memphis, TN
Aspen Dental	Medical	$2,250,000	5.75%	12 yrs	Nashville, TN
Heartland Dental	Medical	$1,800,000	6.15%	10 yrs	Boise, ID
Rite Aid	Pharmacy	$1,350,000	7.80%	5 yrs	Scranton, PA
Popeyes	QSR	$2,200,000	5.40%	15 yrs	New Orleans, LA
Whataburger	QSR	$3,450,000	4.90%	20 yrs	Austin, TX
Chipotle Mexican Grill	Fast Casual	$2,650,000	4.60%	15 yrs	Denver, CO
Wendy's	QSR	$2,100,000	5.25%	15 yrs	Columbus, OH
McDonald's	QSR	$2,400,000	4.25%	20 yrs	Orlando, FL
Hobby Lobby	Retail	$5,200,000	6.35%	15 yrs	Oklahoma City, OK
Fresenius Medical Care	Medical	$2,650,000	6.00%	10 yrs	Atlanta, GA
Wawa	Convenience	$4,250,000	4.95%	20 yrs	Jacksonville, FL
CVS Pharmacy	Pharmacy	$3,100,000	5.50%	18 yrs	Raleigh, NC
Raising Cane's	QSR	$2,850,000	4.75%	15 yrs	Houston, TX
DaVita Kidney Care	Medical	$2,900,000	5.90%	12 yrs	Orlando, FL
AutoZone	Auto Parts	$1,680,000	6.10%	15 yrs	San Antonio, TX
Tractor Supply Co.	Farm & Ranch	$3,800,000	5.70%	15 yrs	Lexington, KY
Starbucks	QSR	$1,950,000	4.85%	10 yrs	Scottsdale, AZ
FedEx Ground	Industrial	$8,450,000	5.65%	12 yrs	Indianapolis, IN
7-Eleven	Convenience	$2,750,000	5.10%	20 yrs	Phoenix, AZ
Chick-fil-A	QSR	$3,200,000	4.50%	20 yrs	Charlotte, NC
O'Reilly Auto Parts	Auto Parts	$1,850,000	5.95%	20 yrs	Dallas, TX
Dollar General	Discount	$1,425,000	6.25%	15 yrs	Nashville, TN
Walgreens	Pharmacy	$2,100,000	5.80%	15 yrs	Tampa, FL
Undisclosed Tenant	Industrial	$81.00M	N/A
Undisclosed Tenant	Retail	$37.00M	N/A
Undisclosed Tenant	Industrial	$82.00M	N/A
Aldi	Grocery	$72.00M	N/A
Undisclosed Tenant	Retail	$10.50B	N/A
Amazon	Industrial	$129.80M	N/A
Sale of Bridgeport Multifamily	Retail	$1.20M	N/A
Chase	Bank	$32.00M	N/A
Undisclosed Tenant	Retail	$54.00M	N/A
Undisclosed Tenant	Industrial	$116.00M	N/A
Undisclosed Tenant	Office	$40.00M	N/A
Undisclosed Tenant	Discount Retail	$235.00M	N/A
Undisclosed Tenant	Retail	$18.00M	N/A
Undisclosed Tenant	Industrial	$575.00M	N/A
Undisclosed Tenant	Retail	$60.00M	N/A
Amazon	Industrial	$427.00M	N/A		GW

Tenant

Type

Price

Cap Rate

Lease

Market

MultiCare Acquires Former Rite Aid Site in Renton

NNN Deal

$7.3M

N/A

Fairfax County to Sell 42 Acres in Chantilly for $167M to Data Center Developer

NNN Deal

$167M

N/A

Utah Geothermal Plant Scores $421M Financing

NNN Deal

$421M

N/A

BKM Pays $43M for NW Phoenix Business Park

NNN Deal

$43M

N/A

Arrow Real Estate Advisors Arranges $53M Refinance for Illinois MF

NNN Deal

$53M

N/A

Alliance Secures Huntersville Site for 358-Unit Rental Community

NNN Deal

$8M

N/A

Tredway Takes on 16 Texas Rental Communities

NNN Deal

$65.5M

N/A

NAI Hiffman Brokers Long-Term MOB Lease in New Lenox

NNN Deal

$88.6M

N/A

New Lenox NA

Marcus & Millichap Brokers Sale of Missouri CVS Property

NNN Deal

$2.975M

N/A

Site Secured for Massive UA Student Housing Project

NNN Deal

$25M

N/A

CBRE Arranges Sale of 34-Unit Multifamily in Milwaukee

NNN Deal

$8.25M

N/A

Milwaukee CB

Hanley Closes Four Retail Sales for Orange County Investor

NNN Deal

$32M

N/A

PEBB Inks $35M Refi on Boca Raton Office Properties

NNN Deal

$35M

N/A

Onetime Atlanta Apartment Community Now 236 Condos

NNN Deal

$55M

N/A

TXRE Offloads 83K-SF Arlington Office Building

NNN Deal

$10.5M

N/A

Phoenix Investment Group Converting Sheraton Crescent to Apartments

NNN Deal

$9.25M

N/A

Stryker, Griffon Capital Land $57M Construction Loan for Frisco Apartments

NNN Deal

$57M

N/A

Buchanan Partners Acquires Inova’s Former Merrifield HQ for $13M

NNN Deal

$13M

N/A

Owner/User Pays $28M for Compton Warehouse

NNN Deal

$28M

N/A

SVN Chicago Facilitates Sale of Bridgeport Multifamily Property

NNN Deal

$1.2M

N/A

Partnership Acquires Tribeca Rentals for $32M

NNN Deal

$32M

N/A

Chicago/Midwest People & Company News, week of March 13, 2026

NNN Deal

$315M

N/A

BREAKING NEWS: Savills Acquisition of Eastdil to Create “Global Real Estate Powe

NNN Deal

$921.25M

N/A

Black Bear Capital Arranges Lease-Up Financing for Central Islip Apartments

NNN Deal

$39M

N/A

Central Islip, NY

Northmarq Brokers $44M Sale of Omaha Metro Apartments

NNN Deal

$44M

N/A

Prime Sarasota Parcel Hits the Market

NNN Deal

$25M

N/A

Developer Picks Up Concord Site for 8-Building Industrial Park

NNN Deal

$5.45M

N/A

Parcel Assemblage Sale Sets East Williamsburg Record for Pricing

NNN Deal

$13.5M

N/A

Foundry Acquires Three Florida Senior Care Centers

NNN Deal

$52M

N/A

Fort Collins Townhome Community Trades for $390K/Unit

NNN Deal

$40.8M

N/A

JLL IPT Adds Watertown Complex to Healthcare Portfolio

NNN Deal

$32M

N/A

Aldi

Grocery

$3,850,000

5.35%

15 yrs

St. Louis, MO

Caliber Collision

Auto Service

$2,350,000

5.80%

15 yrs

Phoenix, AZ

Boot Barn

Retail

$4,200,000

5.90%

10 yrs

Fort Worth, TX

Sherwin-Williams

Retail

$1,750,000

5.60%

10 yrs

Cleveland, OH

Advance Auto Parts

Auto Parts

$1,500,000

6.75%

10 yrs

Richmond, VA

RaceTrac

Convenience

$3,600,000

4.95%

15 yrs

Atlanta, GA

Casey's General Stores

Convenience

$3,200,000

5.15%

15 yrs

Des Moines, IA

Sheetz

Convenience

$4,750,000

4.70%

20 yrs

Roanoke, VA

Buc-ee's

Convenience

$18,500,000

4.40%

20 yrs

Daytona Beach, FL

QuikTrip

Convenience

$3,900,000

4.80%

20 yrs

Tulsa, OK

Big Lots

Retail

$2,800,000

7.50%

5 yrs

Tulsa, OK

Family Dollar

Discount

$1,100,000

7.10%

7 yrs

Jackson, MS

Dollar General

Discount

$1,550,000

6.40%

15 yrs

Birmingham, AL

Five Below

Discount

$2,400,000

5.85%

10 yrs

Tampa, FL

Dollar Tree

Discount

$1,275,000

6.50%

10 yrs

Little Rock, AR

Penske Truck Leasing

Industrial

$4,300,000

5.90%

12 yrs

Salt Lake City, UT

UPS Distribution

Industrial

$9,750,000

5.45%

15 yrs

Louisville, KY

XPO Logistics

Industrial

$6,800,000

6.10%

10 yrs

Cincinnati, OH

DHL Supply Chain

Industrial

$7,200,000

5.80%

12 yrs

Memphis, TN

Amazon Last Mile

Industrial

$12,500,000

5.25%

10 yrs

Dallas, TX

Oak Street Health

Medical

$4,100,000

5.50%

15 yrs

Chicago, IL

Dialysis Clinic Inc.

Medical

$3,400,000

6.20%

10 yrs

Memphis, TN

Aspen Dental

Medical

$2,250,000

5.75%

12 yrs

Nashville, TN

Heartland Dental

Medical

$1,800,000

6.15%

10 yrs

Boise, ID

Rite Aid

Pharmacy

$1,350,000

7.80%

5 yrs

Scranton, PA

Popeyes

QSR

$2,200,000

5.40%

15 yrs

New Orleans, LA

Whataburger

QSR

$3,450,000

4.90%

20 yrs

Austin, TX

Chipotle Mexican Grill

Fast Casual

$2,650,000

4.60%

15 yrs

Denver, CO

Wendy's

QSR

$2,100,000

5.25%

15 yrs

Columbus, OH

McDonald's

QSR

$2,400,000

4.25%

20 yrs

Orlando, FL

Hobby Lobby

Retail

$5,200,000

6.35%

15 yrs

Oklahoma City, OK

Fresenius Medical Care

Medical

$2,650,000

6.00%

10 yrs

Atlanta, GA

Wawa

Convenience

$4,250,000

4.95%

20 yrs

Jacksonville, FL

CVS Pharmacy

Pharmacy

$3,100,000

5.50%

18 yrs

Raleigh, NC

Raising Cane's

QSR

$2,850,000

4.75%

15 yrs

Houston, TX

DaVita Kidney Care

Medical

$2,900,000

5.90%

12 yrs

Orlando, FL

AutoZone

Auto Parts

$1,680,000

6.10%

15 yrs

San Antonio, TX

Tractor Supply Co.

Farm & Ranch

$3,800,000

5.70%

15 yrs

Lexington, KY

Starbucks

QSR

$1,950,000

4.85%

10 yrs

Scottsdale, AZ

FedEx Ground

Industrial

$8,450,000

5.65%

12 yrs

Indianapolis, IN

7-Eleven

Convenience

$2,750,000

5.10%

20 yrs

Phoenix, AZ

Chick-fil-A

QSR

$3,200,000

4.50%

20 yrs

Charlotte, NC

O'Reilly Auto Parts

Auto Parts

$1,850,000

5.95%

20 yrs

Dallas, TX

Dollar General

Discount

$1,425,000

6.25%

15 yrs

Nashville, TN

Walgreens

Pharmacy

$2,100,000

5.80%

15 yrs

Tampa, FL

Undisclosed Tenant

Industrial

$81.00M

N/A

Undisclosed Tenant

Retail

$37.00M

N/A

Undisclosed Tenant

Industrial

$82.00M

N/A

Aldi

Grocery

$72.00M

N/A

Undisclosed Tenant

Retail

$10.50B

N/A

Amazon

Industrial

$129.80M

N/A

Sale of Bridgeport Multifamily

Retail

$1.20M

N/A

Chase

Bank

$32.00M

N/A

Undisclosed Tenant

Retail

$54.00M

N/A

Undisclosed Tenant

Industrial

$116.00M

N/A

Undisclosed Tenant

Office

$40.00M

N/A

Undisclosed Tenant

Discount Retail

$235.00M

N/A

Undisclosed Tenant

Retail

$18.00M

N/A

Undisclosed Tenant

Industrial

$575.00M

N/A

Undisclosed Tenant

Retail

$60.00M

N/A

Amazon

Industrial

$427.00M

N/A

Featured Analysis

Spring 2026: Cap Rate Compression Has Begun — Where NNN Investors Should Look Now

NNN Research Desk14 min readMar 19, 2026

10-Year Treasury YieldFRED DGS10

4.25%+16 bps

infoWhy the 10-Year Matters for CRE

Today's Intelligence

Market Update

Sector News

Nonprofit Leases Two Floors for Largest Tenancy at 39 Broadway

Recent Deals

CRE Sectors

Retail NNN

Industrial

Office

Multifamily

Data Centers

Medical Office

Self Storage

Hospitality

Strip Malls

Latest Articles

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Join 12,400+ CRE investors

Sector News

Nonprofit Leases Two Floors for Largest Tenancy at 39 Broadway

Recent Deals

CRE Sectors

Retail NNN

Industrial

Office

Multifamily

Data Centers

Medical Office

Self Storage

Hospitality

Strip Malls

Latest Articles

Strategies for Adding Value in TripleNet Lease Properties

Creative Financing Strategies for Small Investors

Understanding Easements and Right-of-Way in Commercial Properties

CRE Investor Calculators

Cap Rate Calculator

Cash Flow Analyzer

IRR Estimator

Lease Analyzer

Join 12,400+ CRE investors