‘Lucrative’ NNN Retail Deals Are Coming in 2023
December 28, 2022 | Kelsi Maree Borland | GlobeSt.com
The triple-net retail sector is not unfamiliar with challenges. Online shopping, a global pandemic and inflation have forced retailers to routinely adapt and respond to new consumer demands. Now, rising interest rates have pushed investment capital out of the market in 2022, plummeting transaction volumes 72% year-over-year in November, with the expectation of a sharper decline in December.
But, there are rewards for patient capital during tough times. While cap rates are expected to trend upward for the next 12 months, Josh Bishop, SVP and director of single tenant net lease at Matthews Real Estate Investment Services, says that “lucrative” buying opportunities are just around the corner.
