Single-Tenant Net Lease Cap Rates Compress Slightly in Q1 2026

Overall single-tenant net lease cap rates decreased one basis point to 6.80% in the first quarter of 2026, according to The Boulder Group’s Q1 2026 Net Lease Research Report. Retail cap rates remained unchanged at 6.55% for the second consecutive quarter, while office cap rates compressed by 10 basis points to 7.90%. Industrial cap rates decreased five...