Florida Ranks High in Net Lease Markets

Tampa, FL, December 04, 2014 --(PR.com)-- Calkain Companies and Beshears & Associates announce the release of the 2014 Net Lease Florida Report, the first comprehensive net lease market report focused on the state. The report details the reason Florida continues to be one of the most active net lease markets in the nation. Population growth, tourism, and strong consumer spending have propelled demand for retail space and new development projects. South Florida and the high profile Miami market garner the most attention and demand with healthy activity also in the Tampa, Orlando and smaller city markets. Florida hosts a diverse pool of investors comprised of high net worth individuals from the northeast United States, foreign investors and perennially active local owners. These investors all look to the Florida market as a familiar safe haven for their investment dollars. David Sobelman, Executive Vice President and Managing Partner, commented “Strong demand for retail space, continued consumer spending, no state income tax and a deep pool of investors continually make investment in Florida net leased properties inviting year after year.”

Key facts found in the report include:
· Net lease retail cap rates averaged 6.52% for Florida in 2014, roughly 50 basis points lower than the national average
· Florida net lease retail cap rates at lowest point in past nine (9) years
· McDonald’s state wide average is a 4.24% cap rate
· Wawa’s state wide average is a 5.49% cap rate
· Pharmacies lead all sectors with the highest ask and sales price
· Banks lead all sectors with the lowest ask and sales cap rates
· Population density is a key factor in the valuation of net lease properties in Florida