McDonald’s at 846 Route 17 in Ramsey — Courtesy: CBRE
By Joshua Burd
Demand for net-leased investment properties is holding strong in the region, despite climbing interest rates, following a healthy year by a CBRE brokerage team focused on the asset class.
The firm last week detailed the completion of 60 transactions in 2022 by its Mid-Atlantic Net Lease Property Group, including several deals in New Jersey and Pennsylvania. They include trades involving a McDonald’s in Ramsey and a Dollar General in National Park.
The closings by the team of Michael Shover, Matthew Gorman, Thomas Finnegan and Robert Thompson span 12 states and include 12 properties related to health care, 14 involving quick-service restaurants, six with convenience and automotive properties and 13 involving dollar stores, among others.
“2022 was a volatile year in the market to say the least,” Shover said. “We haven’t experienced a shift as dramatic in such a short period of time since 2008, but our segment of the industry and team performed better than most.”
More than half of the team’s 2022 deals took place in the Mid-Atlantic states.
“This year will most likely be a down market, that’s where certainty of execution becomes paramount,” Gorman said. “During market shifts we experience a flight-to-quality and stability, both major reasons why net lease properties remain at the top of many investors’ lists.”
