How we read a deal.
A cap rate tells you the yield, not the risk. The price has to match the risk. We value shopping centers and net-leased assets the way a careful buyer prices them: from the income, the lease, and the tenant.
The method
Risk-adjusted valuation
We start at this quarter's benchmark cap for a clean, long, well-tenanted deal, then adjust for what actually moves value:
- Remaining term. Fifteen years of contractual income is worth far more than four.
- Escalations. Flat rent erodes with inflation; regular bumps protect value.
- Tenant credit. A corporate guarantee is not a single-store franchisee LLC.
- Lease structure. True triple net beats a lease that pushes costs back on the owner.
- Capex. An old roof on the landlord's side of the lease is a real number.
For owners
A real Broker Opinion of Value
Live comps, your tenant's credit, and a buyer's eye, plus a 1031 game plan if a trade makes sense. Free and no obligation. If holding is right, we say so.
Request a BOV →For buyers
Deals that fit your box
Single-tenant net lease nationwide and Florida shopping centers. Tell us what you're looking for; we line up deals and underwrite them before you spend a minute on them.
Tell us your box →