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Single-Tenant Return Rates Tick Up for Fourth Straight Quarter

Shift From Historic Lows Comes as Deals Fall 55%
The $11.3 million purchase of a Chase Bank branch at 7920 Jericho Turnpike in Woodbury, New York, in January was one of the largest single-tenant retail deals of the first quarter. (CoStar)
The $11.3 million purchase of a Chase Bank branch at 7920 Jericho Turnpike in Woodbury, New York, in January was one of the largest single-tenant retail deals of the first quarter. (CoStar)

Commercial real estate investors have long favored the safety of net-leased, single-tenant properties where tenants, typically big-name retailers, are responsible for paying expenses including taxes, insurance and common-area maintenance.

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