We are going to focus on 5 property types that make up the single tenant net leased market.
The first category is retail. Primary retailers include stores like CVS, Walgreens, and 7-Eleven. Big box retailers lease larger sites like Kohl's, Costco, and Home Depot. Another retail subset are dollar stores like Dollar General and Family Dollar.
The second net leased property type are restaurants. Fast food, quick serve restaurants include companies like Taco Bell and Starbucks. Casual dining restaurants include Chili's, IHOP, and similar concepts.
Finance and Communication
The third net leased property type are finance and communications. These tenants are comprised of banks like Bank of America and Wells Fargo. Communications tenants include AT&T, T-Mobile, and logistics companies like the UPS Store and FedEx Kinko's.
The fourth net leased property category is automotive. This group includes tenants like Auto one, Jiffy Lube, and Midas. Gas stations, car dealerships, and car washes are also included in this group.
The fifth net leased property category is office. These tenants may be investment grade health care providers like Kaiser or independent practitioners like dentists. Call centers and company headquarters are also single tenant net leased office properties.