Quarterly Market Report
Q2 2026 Net Lease Cap Rate Report
Q2 2026 single-tenant net lease cap rate trends across retail, industrial, and medical sectors, with Treasury spreads and buyer composition data.
Single-Tenant Net Lease Specialists
Net lease investment, grounded in research.
American Net Lease advises investors on the acquisition and disposition of single-tenant NNN properties nationwide — with market intelligence that leads the transaction, not the other way around.
Market Intelligence
Featured research
Sector Outlook
QSR Sector Outlook 2026
2026 outlook for QSR net lease investment: cap rate trends, franchisee vs corporate credit, drive-thru premiums, and expanding concepts.
Tenant Credit Review
Dollar Store Tenant Credit Review
Credit and lease analysis of Dollar General and Dollar Tree net lease assets: store growth, NN versus NNN structures, location risk, and cap rate spreads.
What We Do
Three ways to work with us
One asset class, covered end to end — whether you're buying a building, selling one, or want the income without owning one at all.
For Buyers
Buy a net lease property
Buyer representation for private and institutional investors — on- and off-market single-tenant assets matched to your yield, credit, and geography criteria, with 1031 identification-window planning built in.
How we represent buyers →For Sellers
Sell at the right basis
Seller representation built on pricing discipline. We position your asset against live comparables and take it to the buyer pools that actually close — 1031 exchangers, private capital, and institutions.
How we represent sellers →For Investors
Invest passively
Want net lease income without selecting, financing, and managing a building? Our private investment vehicle aggregates credit-tenant NNN assets — sourced through the same desk that brokers them daily.
Explore passive investing →- Avg. retail NNN cap rate, Q2 2026*
- 6.45%
- Q2 2026 STNL transaction volume*
- $9.8B
- Cap rate movement, trailing 12 months*
- +12 bps
- States covered by our research
- 50
*Illustrative placeholder figures pending integration of the firm's live dataset. Not investment advice.
For Passive Investors
Thinking about passive net lease income?
Start with the numbers. Download our latest cap rate report to see where the market is pricing credit-tenant NNN assets — then join the investor list to get the offering details on our private net lease vehicle before anyone else.
The Net Lease Playbook
Latest insights
1031 Exchange
DST 1031 Exchange vs. Buying a NNN Property Direct
Deciding between a DST and a direct NNN purchase for your 1031 exchange? Compare control, income, fees, timing risk, and exit before the clock runs.
3 min read
Passive Investing
How to Invest in NNN Properties Passively: 4 Paths Compared
Direct ownership, DSTs, REITs, and private net lease funds — how passive NNN investing actually works, and how to pick the right structure.
3 min read
Underwriting
How to Evaluate Tenant Credit in Single-Tenant Net Lease Deals
A practical framework for underwriting tenant credit in single-tenant net lease deals, from corporate guarantees to rent coverage ratios.
6 min read
Questions
Frequently asked questions
Don't see your question? Ask an advisor — a principal replies within one business day.
What does American Net Lease do?
We are a national single-tenant net lease (NNN) brokerage and research firm. We represent buyers acquiring net lease properties, represent sellers on dispositions, advise on 1031 exchanges and sale-leasebacks, and offer a passive investment vehicle for accredited investors who want net lease income without direct ownership.
What is a triple net (NNN) lease?
A triple net lease is a lease structure where the tenant — not the landlord — pays property taxes, insurance, and maintenance in addition to rent. For investors, that means predictable income with minimal management, which is why single-tenant NNN properties are a favored asset for passive income and 1031 exchanges.
Do you work with 1031 exchange buyers on a deadline?
Yes — 1031 work is a core practice. We start the replacement property search before your relinquished sale closes, build identification lists with backups, and coordinate with your qualified intermediary so the 45-day window never forces a bad purchase.
How can I invest in net lease real estate passively?
Two paths: buy a property with our buyer representation, or join the investor list for our private net lease vehicle, which spreads your capital across multiple credit tenants, industries, and states with professional underwriting and management. Many clients do both.
How is your research different from other brokerages?
Research leads the transaction here, not the other way around. We publish cap rate reports, tenant credit reviews, and sector outlooks from the same desk that underwrites live deals — augmented by AI-assisted data analysis and verified by advisors who work in this market every day.
Research-Driven
Every recommendation starts with data — cap rate movement, tenant credit, and lease structure — analyzed with AI-assisted tooling and verified by advisors, not inventory we need to move.
Single-Tenant Focus
Net lease is not a department here. It is the entire practice, from QSR pads to industrial sale-leasebacks.
Nationwide Coverage
We track transactions and tenant activity in all 50 states, so your search is defined by criteria — not by our zip code.