There has been a heightened level of investor interest and activity surrounding suburban, single-tenant QSR assets over recent months. With their drive-thrus, delivery apps and online ordering, sales have been strong, and they are a favorite with net lease retail property investors. Cap rates on assets for many national brands have dropped 25 to 50 basis points in the past 16 months. With that said, inventory is tight, competition is high, and money is on the sidelines waiting for the next wave of cash-flowing net lease retail opportunities.
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