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SRS: Net Lease Sales Volume Up Significantly Year-Over-Year
The SRS Capital Markets team sold 350 net-leased properties totaling $1.2 billion nationwide in the first half of 2025. According to SRS, the volume is significantly ahead of the tally at mid-year 2024.
“Despite the higher interest rate environment persisting into 2025, we’re seeing transactional activity continue to improve with overall deal volume steadily increasing year over year,” said Matthew Mousavi, senior managing principal and co-head of National Net Lease, SRS Capital Markets.
He continued, “With the lending environment slowly improving, and sidelined capital being deployed in greater volume towards credit and quality, we’re seeing both the public and private markets showing positive signs and increased demand, particularly for necessity-based and value-oriented retail, credit industrial, logistics and medical assets. Further, with the new tax legislation benefiting CRE – with accelerated and bonus depreciation being a focal point of the new tax bill – we expect further demand and volume for certain bonus depreciation-qualifying assets like C-stores, car wash and other fee simple assets, along with greater volumes of 1031 investors as transactional activity increases.”
Added Patrick Nutt, senior managing principal and co-head of National Net Lease, “While cap rates have continued to expand, the rate of movement has been more of a slow adjustment versus a major re-set in pricing. Properties that feature the best tenants, quality real estate and passive leases are still trading not far from peak pricing while properties with a specific tenancy that has over-supplied the market or those with some sort of lease or environmental blemish have observed the greatest adjustment in pricing.”
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- ◦Sale/Acquisition
