Single Tenant Net Lease
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Single-Tenant Net Lease Investment Sales
Single-tenant net lease investments can offer predictable income, long-term stability and an attractive ownership structure, but the strength of an investment goes far beyond the lease.
NavPoint Real Estate Group advises investors, property owners and companies on single-tenant net lease (STNL) properties nationwide, bringing a strategic approach to acquisitions, dispositions, 1031 exchanges and sale-leaseback transactions.
We evaluate the complete investment opportunity, including tenant credit, lease terms, location, market fundamentals and the long-term value of the underlying real estate. Whether you are acquiring your next net lease property, selling an existing asset, completing a 1031 exchange or unlocking capital through a sale-leaseback, our team helps you navigate the transaction and make informed decisions designed to create lasting value.
Available Properties
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Completed Deals
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Tenant Experience
Quarterly STNL Snapshot
U.S. Single-Tenant Net-Lease Retail Quarterly Briefing
Second Quarter 2026 | United States | Information available through August 5, 2026
Executive Summary
Transaction volume and sector mix: U.S. single-tenant net-lease retail investment reached $2.9 billion in Q2 2026, up 5.7% year over year; $2.6 billion involved individual assets and approximately $300 million involved portfolios. Because public databases omit many smaller transactions and do not yet publish a Q2 retail-only subsector count, the best estimate is approximately 930 asset-level trades above $1 million, led by convenience stores, QSRs and full-service restaurants.¹
Cap rates and geography: National retail STNL asking cap rates increased five basis points quarter over quarter to 6.60%, while the broader MSCI/CBRE transacted-property average remained 6.9%. Pricing was highly bifurcated: premium corporate QSR ground leases remained near the mid-4% range, whereas drugstores, dollar stores and shorter-term or weaker-credit leases generally occupied the 7%-plus range.²
Buyer composition: Private and high-net-worth capital remained the largest source of retail STNL liquidity, but retail-focused REITs captured a disproportionately large share of the quarter. The estimated retail-only mix was 58% private/HNW, 20% listed REITs, 13% combined institutional and private-equity capital, 4% cross-border and 5% other buyers; Agree Realty alone reported $451.5 million of acquisitions and approximately $502 million of total investment activity.³
Exchange activity: No official source reports the precise 1031 share of STNL retail trades, but transaction sizing, broker evidence and Qualified Intermediary data support an estimated 35%-45% of deal count and 25%-35% of dollar volume, with materially higher penetration below $10 million. Nationwide exchange activity increased 30% from Q1 to Q2 2026, even as replacement-property identification became more difficult.⁴
Representation Services
Seller
Maximize the value of your single-tenant net lease asset with strategic positioning, market-driven pricing, targeted investor outreach and experienced negotiation from valuation through closing.
Buyer
Identify and acquire STNL investments aligned with your financial goals. We help evaluate opportunities, assess tenant and lease fundamentals, negotiate terms and guide the transaction through closing.
1031
Navigate the time-sensitive 1031 exchange process with a team experienced in identifying replacement properties and evaluating STNL opportunities that align with your investment objectives and exchange requirements.
Sale-Leaseback
Unlock capital from owner-occupied real estate while maintaining operational continuity. We help structure and market sale-leaseback transactions designed to support your business, real estate and financial objectives.
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