Market Data

10Y Treasury4.02%—

Fed Funds3.64%—

NNN Avg Cap5.87%—

30Y Mortgage5.98%—

CMBS Spread224 bps—

NNN Spread185 bps—

dashboard

Market Intelligence

NNN Market Dashboard

Aggregated sector performance benchmarks for triple-net lease investors

Avg NNN Cap Rate

5.87%trending_down—

Retail NNN Cap Rate

5.85%arrow_upward-10 bps

Industrial NNN Cap Rate

5.40%arrow_upward-25 bps

Office NNN Cap Rate

7.20%arrow_downward+15 bps

Medical Office Cap Rate

6.10%arrow_upward-5 bps

Data as of Live FRED Data · Sources: Federal Reserve, FRED, CoStar, CBRE Research

What This Means for NNN Investors

Dashboard Methodology & Disclaimer

This dashboard aggregates publicly available market benchmarks from industry sources including quarterly cap rate surveys, REIT earnings reports, and published transaction data. Figures are estimates based on available public data and should not be used as the sole basis for investment decisions. For verified, transaction-level data, consult licensed providers such as CoStar, MSCI Real Capital Analytics, or CBRE Research. NNNTripleNet does not maintain a proprietary index.

Retail NNN Sector Overview

Retail NNN cap rates have compressed approximately 10 basis points year-over-year, reflecting strong investor demand for credit-tenanted retail. Quick-service restaurants (QSR), auto parts, and dollar stores continue to command the tightest pricing. Cap rate data is estimated from publicly reported REIT transactions and broker surveys. Source references: CBRE Cap Rate Survey, Marcus & Millichap NNN Report.

Industrial NNN Strength

Industrial NNN properties have seen the most significant cap rate compression over the past 24 months, with logistics and last-mile distribution driving investor competition. The 5.40% average reflects strong demand versus limited new NNN-structured supply. Source references: Prologis quarterly earnings, CBRE Industrial & Logistics Report.

Office NNN Challenges

Office NNN cap rates have widened modestly as the sector continues to navigate remote work impacts. Single-tenant net-leased office with long-term credit tenants has held up better than multi-tenant properties. The 7.20% average reflects a risk premium that may present opportunity for contrarian investors. Source references: JLL Office Market Statistics, Cushman & Wakefield MarketBeat.

Key Takeaways

check_circleNNN cap rates have generally compressed across most sectors, following broader CRE trends
check_circleIndustrial NNN leads with the tightest cap rates at ~5.40%, driven by logistics demand
check_circleRetail NNN remains resilient at ~5.85% with essential-service tenants most in demand
check_circleOffice NNN trades at a premium (~7.20%) reflecting ongoing sector uncertainty
check_circleAll figures are estimates from public sources — consult CoStar/RCA for transaction-level data

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Historical Context

NNN lease properties have historically offered stable, bond-like returns with lower volatility than other CRE segments. Over the past decade, average NNN cap rates have compressed approximately 150 basis points across all sectors, driven by institutional capital flows and the perceived safety of credit-tenanted net lease investments. The current rate environment and potential Fed policy shifts will be key factors to watch. Data sourced from publicly available industry reports and REIT disclosures.

infoDisclaimer

Data and analysis on this page are for informational purposes only and do not constitute investment, financial, or tax advice. Figures may be estimated from publicly available sources and should be verified with primary data providers (CoStar, MSCI RCA, CBRE, FRED) before use in investment decisions. Past performance does not guarantee future results.

Market Data

10Y Treasury4.02%—

Fed Funds3.64%—

NNN Avg Cap5.87%—

30Y Mortgage5.98%—

CMBS Spread224 bps—

NNN Spread185 bps—

dashboard

Market Intelligence

NNN Market Dashboard

Aggregated sector performance benchmarks for triple-net lease investors

Avg NNN Cap Rate

5.87%trending_down—

Retail NNN Cap Rate

5.85%arrow_upward-10 bps

Industrial NNN Cap Rate

5.40%arrow_upward-25 bps

Office NNN Cap Rate

7.20%arrow_downward+15 bps

Medical Office Cap Rate

6.10%arrow_upward-5 bps

Data as of Live FRED Data · Sources: Federal Reserve, FRED, CoStar, CBRE Research

What This Means for NNN Investors

Dashboard Methodology & Disclaimer

Retail NNN Sector Overview

Industrial NNN Strength

Office NNN Challenges

Key Takeaways

check_circleNNN cap rates have generally compressed across most sectors, following broader CRE trends
check_circleIndustrial NNN leads with the tightest cap rates at ~5.40%, driven by logistics demand
check_circleRetail NNN remains resilient at ~5.85% with essential-service tenants most in demand
check_circleOffice NNN trades at a premium (~7.20%) reflecting ongoing sector uncertainty
check_circleAll figures are estimates from public sources — consult CoStar/RCA for transaction-level data

mail

Stay Updated

Get daily market intelligence delivered to your inbox

Subscribe Free →

Historical Context

infoDisclaimer

NNN Market Dashboard

Retail NNN Cap Rate

Industrial NNN Cap Rate

Office NNN Cap Rate

Medical Office Cap Rate

What This Means for NNN Investors

Dashboard Methodology & Disclaimer

Retail NNN Sector Overview

Industrial NNN Strength

Office NNN Challenges

Key Takeaways

Stay Updated

Historical Context

Related Research

NNN Market Dashboard

Retail NNN Cap Rate

Industrial NNN Cap Rate

Office NNN Cap Rate

Medical Office Cap Rate

What This Means for NNN Investors

Dashboard Methodology & Disclaimer

Retail NNN Sector Overview

Industrial NNN Strength

Office NNN Challenges

Key Takeaways

Stay Updated

Historical Context

Related Research