Family Office Briefing on research byMarcus & Millichap·Jan 23, 2026
Interest Rates - January 2026
Single-tenant net lease retail properties gain traction in 2026 — family offices should consider co-GP opportunities with quality operators.
2026
Key Metrics
| Metric | Value |
|---|---|
| Cap Rate for Higher Credit Tenants | 5% |
| Cap Rate for Mid-Tier Credit Tenants | 6% |
| Cap Rate for Lower Credit Tenants | 7% |
| Cap Rate for Less Than Five Years on Lease | 7.7% |
| Cap Rate for Five to 15 Years on Lease | 6.8% |
| Cap Rate for More Than 15 Years on Lease | 6.1% |
| Transaction Activity Increase | 18% |
| Transaction Activity Above 2014-2019 Average | 43% |
Metrics extracted from the source report and independently fact-checked. Method →
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