VIDEO: Cap rate update for fast food restaurants
Want to know why quick-service restaurants (QSR's) and fast food joints are the darlings of the commercial real estate investment industry right now?
Just drive past a few and you'll find your answer...drive thru's are stacked.
QSR's have never been in more demand than they are today and insatiable investor demand is driving cap rates down (compression).
What was a 4% cap rate six months ago is now trading at a 3.5% cap rate - a number I wouldn't have thought possible even 6 months ago.