Episode 17 – Retail ReCap: Building a Restaurant Legacy with Blue Goose Cantina & Shucks

Family, Growth & the Future of DFW Dining

In this episode of Retail ReCap, Rob Franks, Will Narduzzi, and Secure Net Lease’s Bob Moorhead sit down with Nick Peterson, CEO of The Peterson Group, for a conversation about the story behind Blue Goose Cantina, Aw Shucks and Big Shucks.

Nick shares how his family’s restaurant business grew from its early days on Greenville Avenue into 13 locations across DFW, along with what it takes to carry established local brands into their next chapter.

The group also dives into restaurant expansion, changing consumer habits, today’s operating environment, and the latest trends across retail and net lease real estate.

Key Topics Covered:

Building a DFW Restaurant Legacy

Nick shares the story behind Blue Goose and Shucks, including how the concepts got their start and how his family has continued growing the business while preserving what made the restaurants successful in the first place.

The conversation also highlights the people and relationships that have helped turn both concepts into longtime DFW favorites.

What’s Next for Blue Goose & Shucks?

With 13 locations across the Metroplex, The Peterson Group is looking toward its next phase of growth.

The team discusses:

  • What makes a market attractive for a new restaurant
  • How the company approaches site selection
  • Opportunities created by second-generation restaurant space
  • Why DFW remains a major focus for future growth
  • The importance of staying patient when evaluating new locations

Nick also gives listeners a look at how the company balances expansion with maintaining the character and experience customers have come to expect from its brands.

Navigating a Changing Restaurant Industry

The restaurant business continues to evolve, and operators are balancing rising costs with shifts in how customers dine, spend, and socialize.
Nick discusses some of the trends The Peterson Group is watching and how the company is adapting while remaining focused on quality, value, and the customer experience.

Retail & Net Lease Market Update

The conversation turns to the broader retail and net lease landscape, with the team sharing the latest activity surrounding several major tenants and discussing what they are seeing in today’s investment market.

They also touch on retailer expansion, interest rates, transaction activity, and an evolving real estate story involving former Salad and Go locations.

And Finally… Margaritas

The episode wraps up on a lighter note with a ranking of some of Fort Worth’s favorite margaritas.

With Blue Goose in the conversation, Nick also shares a little about the brand’s margaritas and the creativity that continues to be part of the cantina experience.
From building a multigenerational restaurant business to navigating growth in one of the country’s most active retail markets, this episode offers a look behind the scenes at Blue Goose, Shucks, and the opportunities ahead.

 

Listen to the full episode for Nick’s story, the team’s latest market insights, and much more from this month’s Retail ReCap.

 

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SNL Closes Starbucks Sale Along High-Traffic Houston-Dallas Corridor

Secure Net Lease has successfully completed the sale of a freestanding Starbucks located in Madisonville, Texas. The property was acquired by a Houston-based private investor who already owned several Starbucks properties and was looking to expand their portfolio with another Texas location. The transaction moved quickly from the initial offer through closing, highlighting continued investor demand for well-located Starbucks assets along major Texas travel corridors.

Garrison Berkley, who represented the seller, shared, “This was a pretty smooth transaction from start to finish. We were able to find a local Houston-based buyer who already owned a handful of Starbucks properties and was looking to add another one to their portfolio, so this deal was a really good fit for what they were looking for. Once they saw the opportunity, things moved quickly.”

The ±2,308-square-foot Starbucks is strategically positioned directly off Interstate 45 at Highway 21/Main Street in Madisonville, providing excellent visibility and accessibility along one of the primary north-south transportation corridors connecting Houston and Dallas. Interstate 45 sees more than 42,000 vehicles per day near the property, while Highway 21 contributes additional local and regional traffic. The site is also located directly across the street from Buc-ee’s, a major travel destination that has been ranked among the top five Buc-ee’s locations and attracts approximately 6.5 million visitors annually, creating a significant source of consistent traffic for the surrounding trade area.

“We went from the initial LOI to an executed contract in less than a week, and from there the closing process was very straightforward. The buyer knew the tenant, understood the asset, and was ready to move, which made for a really efficient transaction overall,” Berkley concluded.

Madisonville is centrally positioned between Houston and Dallas along Interstate 45, approximately 45 miles from College Station, making the community a natural stopping point for travelers moving throughout Central and East Texas. The Starbucks benefits from limited nearby coffee competition, strong highway exposure, and a location that serves both local residents and interstate travelers. Combined with the substantial traffic generated by the neighboring Buc-ee’s and Madisonville’s connectivity to several of Texas’ largest metropolitan areas, the property is well-positioned for continued long-term performance.

Starbucks Corporation (NASDAQ: SBUX) is the world’s leading coffeehouse brand, with more than 40,000 locations globally and a highly recognizable presence across the United States. Supported by investment-grade credit, a loyal customer base, and a proven drive-thru operating model, Starbucks remains one of the most sought-after restaurant tenants in the net lease market. The company’s strategic approach to high-visibility locations and continued expansion make its properties attractive to investors seeking dependable long-term retail investments.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Episode 16 – Retail ReCap: Summer Market Trends & Retail Headlines

The Retail ReCap team is back with another episode discussing the latest developments influencing retail real estate, investment activity, and commercial markets across Texas and the nation.

In this episode, Rob Franks, Jeremy Mercer, and Secure Net Lease’s Bob Moorhead explore some of the biggest headlines impacting the industry today, sharing their perspectives on market conditions, retailer activity, and the trends they’re watching as the second half of the year continues.

The conversation covers everything from investment sales and tenant expansion to economic indicators and changing consumer trends, offering listeners a broad look at what’s happening across the retail real estate landscape.

Topics discussed include:

  • Investment sales activity and buyer demand
  • Updates on national retailers including 7-Eleven, Starbucks, Chipotle, H-E-B, Costco, and more
  • Interest rates and current market conditions
  • Retail expansion, acquisitions, and development news
  • Housing and broader economic trends
  • Restaurant openings, closures, and emerging concepts
  • The hosts’ favorite burger spots around DFW

As always, the Retail ReCap team combines industry experience with current market observations to provide insight into many of the stories shaping commercial real estate today.

Whether you’re an investor, broker, developer, retailer, or simply interested in where the market is headed, this episode offers valuable perspective on the trends influencing today’s retail environment.

Tune in to hear the full conversation and discover what the Retail ReCap team is watching as the year continues.

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Secure Net Lease Closes DFW Metro Caribou Coffee Sale

Secure Net Lease has successfully completed the sale of a newly constructed Caribou Coffee located in Grapevine, Texas, within the heart of the Dallas-Fort Worth Metroplex. The property was acquired by a Texas-based private investor completing a 1031 exchange, further highlighting investor demand for high-quality quick-service restaurant assets in one of the nation’s fastest-growing metropolitan areas.

Thomas House, who represented the seller, shared, “The buyer on this deal was a 1031 exchange investor who recently relocated to Austin after spending years investing on the East Coast. As they began selling off some of their East Coast assets, they were looking to reinvest in high-quality properties throughout Texas, and this Caribou Coffee was a great fit for what they wanted.”

The ±644-square-foot Caribou Coffee is strategically positioned at the corner of Northwest Highway and Ball Street in Grapevine, offering exceptional visibility with combined traffic counts exceeding 114,000 vehicles per day. Located just 20 miles northwest of downtown Dallas and approximately 25 miles northeast of downtown Fort Worth, the property benefits from its central location within the Dallas-Fort Worth Metroplex, providing direct access to one of the nation’s strongest regional economies. The site is also less than one and a half miles from Dallas/Fort Worth International Airport, one of the busiest airports in the world, further enhancing its accessibility and long-term investment appeal.

“Once we came to an agreement on pricing, the process was really straightforward. They were great to work with, stayed engaged throughout the transaction, and we were actually able to close several weeks ahead of schedule. It was a smooth transaction from start to finish, and we’re excited to continue building that relationship as they look to acquire more properties in Texas over the coming years,” House concluded.

The surrounding trade area is supported by outstanding demographics and major regional demand drivers. More than 96,000 residents live within a five-mile radius, with average household incomes exceeding $220,000. The property is also located near Baylor Scott & White Medical Center, which employs thousands of healthcare professionals and serves as a major destination for the region. Grapevine continues to experience steady growth while offering convenient access to major employment centers throughout Dallas and Fort Worth, making it one of the most desirable retail submarkets in North Texas.

Caribou Coffee has established itself as one of the largest premium coffeehouse brands in the United States, operating approximately 800 locations across 11 countries. Known for its handcrafted beverages, customer-focused experience, and continued expansion, the brand has built a loyal following while maintaining a strong presence in both standalone retail locations and licensed venues. Its growing footprint and proven operating model continue to make Caribou Coffee an attractive tenant for net lease investors seeking long-term stability.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Sale of Madison Square Shopping Center in Nashville MSA

Secure Net Lease has successfully completed the sale of Madison Square, a fully leased multi-tenant shopping center located in La Vergne, Tennessee, within the rapidly growing Nashville Metropolitan Statistical Area. The transaction was completed as an off-market sale, with Secure Net Lease representing both the buyer and seller. The successful closing highlights continued investor demand for stabilized neighborhood retail centers featuring service-oriented tenants in high-growth markets.

John Packwood and Sam House, Vice Presidents at Secure Net Lease, represented both the buyer and seller in the transaction. Packwood shared, “Successful investment sales aren’t just about marketing a property—they’re about understanding what active buyers want and maintaining strong relationships with them over time. In this case, those relationships allowed us to bring the right buyer and seller together in an off-market transaction that created value for both sides.”

The ±13,857-square-foot Madison Square shopping center is located at 1925 Madison Square Boulevard in La Vergne, Tennessee, directly along the Interstate 24 corridor at the Waldron Road interchange, one of the busiest retail intersections in the submarket with average daily traffic exceeding 160,000 vehicles. Built in 2006, the center is fully leased to a complementary mix of service-oriented and necessity-based tenants, providing stable occupancy and consistent consumer traffic.

La Vergne continues to benefit from its location within the Nashville-Murfreesboro-Franklin Metropolitan Statistical Area, the largest metro in Tennessee and one of the fastest-growing regions in the country. The city’s population has increased nearly 11% since 2020, while Rutherford County remains the fastest-growing county in the state. The surrounding trade area is supported by major employers including Nissan’s Smyrna manufacturing plant, Ingram Content Group, and CEVA Logistics, creating strong long-term retail fundamentals and a healthy consumer base.

Madison Square’s fully occupied tenant roster and focus on service-oriented, e-commerce-resistant businesses made the property especially attractive to investors seeking durable cash flow. Combined with its strategic location in the Nashville MSA and strong market fundamentals, the center generated significant investor interest and ultimately resulted in a successful off-market transaction.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes Black Bear Diner Sale in Houston MSA

Secure Net Lease has successfully completed the sale of a freestanding Black Bear Diner located in Baytown, Texas, just east of Houston. The property was acquired by a California-based all-cash 1031 exchange buyer, underscoring continued investor demand for high-quality restaurant assets in rapidly growing Houston-area submarkets.

Garrison Berkley, who represented the seller, shared, “The buyers on this deal were California-based investors completing a 1031 exchange, and they were really attracted to the Black Bear Diner concept and the strength of the location. Once we got the property under contract, the transaction moved along pretty smoothly. They were waiting on another sale to close so they could roll those exchange funds into this acquisition, and everything lined up exactly as planned. They also made a trip out for a site visit, and once they saw the property in person, it really reinforced their confidence in the investment. Overall, it was a smooth process and a great outcome for both the buyer and the seller.”

The ±4,987-square-foot Black Bear Diner is strategically positioned at the northwest corner of Interstate 10 and John Martin Road, approximately 20 miles east of downtown Houston. The site benefits from exceptional visibility with traffic counts exceeding 93,000 vehicles per day along Interstate 10 and is situated directly across from a Buc-ee’s travel center, one of the region’s strongest retail traffic generators. The property is also surrounded by numerous nationally recognized retailers, including Chick-fil-A, H-E-B, Academy Sports + Outdoors, Marshalls, Kroger, and several automotive dealerships, creating a vibrant retail corridor with strong daily consumer activity.

Baytown continues to benefit from its location within the Houston-The Woodlands-Sugar Land Metropolitan Statistical Area, the fifth-largest metropolitan area in the United States. The property is located less than half a mile from the San Jacinto Marketplace, a major mixed-use retail and entertainment development that is expected to further strengthen the area’s retail appeal. Supported by more than 96,000 residents within a five-mile radius and projected population growth over the coming years, the surrounding market offers strong demographics, high household incomes, and excellent long-term fundamentals for retail investment.

Black Bear Diner has grown into one of the nation’s most recognizable full-service restaurant brands, operating more than 150 locations across the United States. Known for its large-format family dining concept, loyal customer base, and continued national expansion, the brand has established itself as an attractive tenant for net lease investors. With a proven operating model and ongoing growth strategy, Black Bear Diner continues to generate strong interest from buyers seeking stable, long-term restaurant investments.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Episode 15 – Retail ReCap: World Cup, Walmart & Wall Street

The full Retail ReCap team is back together for a wide-ranging discussion covering the latest trends influencing retail real estate, economic development, and investment activity across Texas and beyond.

In this episode, Rob Franks, Jeremy Mercer, Will Narduzzi, and Secure Net Lease’s Bob Moorhead examine the forces driving growth in today’s market and discuss why North Texas continues to attract retailers, developers, employers, and investors from across the country.

One of the key themes throughout the conversation is the continued momentum surrounding Dallas-Fort Worth. The group explores the region’s growing role as a national leader in retail development and what that means for future opportunities in commercial real estate. They also discuss the economic impact of major events and infrastructure investments that could shape the market for years to come.

The episode also highlights how corporate expansion and relocation activity continue to influence population growth, job creation, and demand for new retail, restaurant, and mixed-use developments throughout Texas.

Additional topics include:

  • Retailer expansion activity and evolving site selection strategies
  • Market updates from major national brands and tenants
  • New development projects and investment trends across Texas
  • The changing role of technology, automation, and artificial intelligence in business
  • Restaurant openings, closures, and emerging consumer preferences
  • Challenges and opportunities facing urban and suburban markets

As always, the team combines market data, industry observations, and real-world experiences to provide perspective on where the commercial real estate landscape may be headed next.

Whether you’re actively investing, developing, leasing, or simply keeping a pulse on the market, this episode offers valuable insights into many of the trends shaping today’s retail environment.

Listen to the full episode for a deeper look at the conversations driving growth, investment, and development across Texas and beyond.

 

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Episodes 13 & 14 – Retail Recap: Live from ICSC Las Vegas & 2026 Market Takeaways

The Retail Recap team recently returned from ICSC Las Vegas, the retail real estate industry’s largest annual gathering, with two special episodes covering everything from retailer expansion strategies to the trends shaping commercial real estate in 2026.

In the first episode, Rob Franks sits down with two industry leaders directly from the convention floor. Conversations explore how leading restaurant brands are approaching growth, site selection, design, and development in an increasingly competitive retail environment.

The second episode brings together Jeremy Mercer, Will Narduzzi, and Rob Franks for a comprehensive recap of the week’s biggest themes, highlighting what developers, retailers, investors, and lenders are discussing as the market continues to evolve.

Here’s what stood out:

  • Dallas remains one of the most active retail growth markets in the country
  • Institutional capital continues to show renewed interest in retail investments
  • Retailers are adapting to higher construction costs and rising occupancy expenses
  • Developers are increasingly focused on experiential concepts that drive traffic and engagement
  • Restaurant expansion remains active, particularly among emerging growth brands

The team also discusses:

  • How AI tools are beginning to influence underwriting, lease negotiations, and daily operations
  • Shifts in retailer space requirements and evolving development strategies
  • New trends impacting restaurant performance and consumer behavior
  • Key conversations taking place between developers, tenants, investors, and brokers
  • Behind-the-scenes stories and observations from one of the busiest ICSC events in recent years

Whether you’re tracking retail expansion, development trends, investment activity, or the growing role of technology in commercial real estate, these episodes provide an inside look at the conversations driving the industry forward.

Listen to hear firsthand insights from industry leaders and the team’s biggest takeaways from Las Vegas.

 

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Secure Net Lease Closes Sale of Beaumont Plaza in Beaumont, TX

Secure Net Lease has successfully completed the sale of Beaumont Plaza, a 10,100-square-foot multi-tenant retail center located in Beaumont, Texas. The property was acquired by a Houston-based private investor, highlighting continued demand for stabilized neighborhood retail centers with long-term upside in growing Southeast Texas markets.

Sam House, who represented the seller alongside Greyson Hickey, shared, “Greyson did a great job on the front end of this deal staying persistent with the sellers and helping uncover the opportunity. That’s really been a strength of his, finding opportunities and building relationships that turn into successful transactions. Once we secured the listing, we made a trip out to Beaumont to visit the property in person, and it became pretty clear that there was a lot of value here that the market was going to recognize. We brought it to market and generated a tremendous amount of interest right away, with around 15 offers coming in over a relatively short period of time. Ultimately, we selected an all-cash buyer that was the best fit for the transaction, and everything moved quickly and efficiently from there. It was a great result for our client and a really smooth closing overall.”

Greyson Hickey added, “Overall, this was a very smooth transaction. The buyer had a particular interest in not only this property but also the land next door, so there were a few additional discussions and negotiations that we worked through along the way. Everyone stayed focused on finding a solution that made sense, and that helped keep the process moving forward. We ended up aligning with an all-cash buyer who was working closely with a local broker and had a strong understanding of the Beaumont market. Once we got everything lined up, the transaction came together really well and turned into a great outcome for both the buyer and the seller.”

Beaumont Plaza is a highly visible neighborhood shopping center situated on approximately 0.77 acres along the heavily traveled Washington Boulevard corridor. Built in 2016, the property features six leasable suites with an average suite size of approximately 1,683 square feet and benefits from multiple access points, ample parking, and strong visibility. The center is strategically positioned near major national retailers including Sam’s Club, H-E-B, and Office Depot, creating a strong retail environment supported by both local and regional consumer traffic.

The property offered investors a compelling combination of stability and future upside. More than half of the rental income is generated by tenants that have occupied the center for over seven years, while a significant portion of the rent roll remains below current market rates, providing future growth potential through rent increases. The asset also benefits from long-term lease structures and strong occupancy history, making it an attractive investment opportunity. Located along Washington Boulevard, which sees more than 15,000 vehicles per day, Beaumont Plaza is positioned within one of the city’s most established commercial corridors and is well-equipped to serve the surrounding community for years to come.

Beaumont Plaza’s diverse tenant mix, long-standing occupancy history, and favorable location within a strong retail corridor made it a highly desirable acquisition for investors seeking stable cash flow and long-term appreciation potential. The successful transaction further demonstrates continued investor demand for well-located multi-tenant retail properties throughout Texas secondary markets.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

Secure Net Lease Closes 7 Brew Sale Near Texas’ Largest Costco

Secure Net Lease has successfully completed the sale of a newly constructed 7 Brew Coffee property located in Midland, Texas. The asset was acquired by a California-based all-cash 1031 exchange buyer, further demonstrating investor demand for high-performing quick-service retail assets in rapidly growing Texas markets.

Harrison Cooper, who represented the seller, shared, “We represented the seller on this transaction, and it was actually a developer client we’ve worked with before, so there was already a strong relationship there. We were able to bring the property to market and generate a lot of strong interest pretty quickly. In the end, we got the deal done very close to the list price, which was a great outcome for everyone.”

The ±510-square-foot 7 Brew Coffee is strategically positioned at the signalized hard corner of Highway 158 and State Highway 191, one of the most heavily trafficked retail intersections in Midland and the broader Permian Basin. The property benefits from exceptional visibility and accessibility, with combined traffic counts exceeding 71,000 vehicles per day and direct access to Loop 250 and Interstate 20. Located adjacent to the largest Costco in Texas and surrounded by a strong lineup of national retailers including Sam’s Club, H-E-B, Chase Bank, McDonald’s, Panda Express, and Valvoline, the site is positioned within one of Midland’s dominant retail corridors.

“The buyer was a California-based investor completing a 1031 exchange, and the transaction went really smoothly from start to finish. One thing that also gave everyone confidence was that shortly after we got the property under contract, we had several additional offers come in, so we had strong backup interest throughout the process. That just reinforced how much demand there is right now for high-quality assets in growing Texas markets like Midland” Cooper concluded.

The surrounding trade area continues to experience strong economic and population growth, supported by Midland’s energy-driven economy and expanding infrastructure investment. The property is located near major employment hubs including Chevron and Occidental Petroleum headquarters, while additional mixed-use and retail developments are planned nearby. Midland has consistently ranked among the fastest-growing cities in the United States, driven by strong employment growth and continued demand throughout the Permian Basin region.

7 Brew Coffee has quickly emerged as one of the fastest-growing drive-thru coffee concepts in the country, known for its speed-focused service model and loyal customer following. Backed by strong unit growth and expanding national recognition, the brand continues to attract investor interest across the net lease sector. With a compact footprint, high-volume drive-thru format, and aggressive nationwide expansion strategy, 7 Brew remains a highly desirable tenant for investors seeking long-term growth potential.

About Secure Net Lease

Secure Net Lease is a nationally recognized brokerage firm with offices in Dallas, TX and Los Angeles, CA that specializes in the acquisition and disposition of investment real estate. With over 100 years of collective experience, over $7.4B in sales, and transaction history in 48 states, Secure Net Lease consistently ranks among the top 10 of all brokerage firms nationally within their niche. Secure Net Lease works with developers, tenants, private and institutional owners to achieve market-setting cap rates for single- and multi-tenant net lease investments across the nation. Historically, 88% of Secure Net Lease offerings are new construction leased to nationally known tenants with 10+ years remaining on the primary term.

That just reinforced how much demand there is right now for high-quality assets in growing Texas markets like Midland.

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