	Walgreens	CVS Pharmacy	Rite Aid	Safeway	Albertsons	Whole Foods	Walmart	Walmart Neighborhood Markets	Kroger	Sprouts	ALDI	Grocery Outlet	Trader Joe's	Smart & Final	Winn-Dixie	Dollar Tree	Dollar General	Family Dollar	Starbucks	7-Eleven	Circle K	O'Reilly Auto Parts	Advance Auto Parts	AutoZone	Target	Home Depot	Lowe's	Tractor Supply Co	Ace Hardware	Harbor Freight	Sherwin-Williams	United Rentals	Sunbelt Rentals	Fulfillment By Amazon	FedEx	Best Buy	At&T Wireless	Verizon	Office Depot	Staples	Kohl's	Hobby Lobby	T.J Maxx HomeGoods	Ross	Sleep Number	Mattress Firm	Big Lots	99Cents	Aaron's	Goodwill	Academy Sports + Outdoors	Dick's Sporting Goods	24h Fitness	LA Fitness	Planet Fitness	Davita	Fresenius Medical Care	Aspen Dental	Concentra Urgent Care	MedExpress	FastMed	PetSmart	Tesla	Calliber Collision's	Pep Boys	Napa Auto Partsc	Firestone	Big O Tires	GoodYear	Jiffy Lube	Valvoline	Take 5	Wawa	RaceTrac	Speedway	Exxon	Arco ampm	Chevron	Shell	QuickTrip	Sheetz	Sunoco	Mister	Express Zips Car Wash	Quick Quack Car Wash	Chase	Bank Of America	Wells Fargo	US Bank	City Bank	PNC	TD Bank	Fifth Third Bank	Olive Garden	Red Lobster	Applebee's	Chilli's	Outback	Texa Roadhouse	Longhorn Steakhouse	Red Robin	Ihop	Denny's	Dunkin'	Dutch Bros	Panera Bread	Buffalo Wild Wings	Chick-Fil-A	Raising Cane's Chicken Fingers	Pizza Hut	MC Donalds	Burger King	Wendy's	Jack-in-the-Box	Hardee's	Carl's Jr.	Chipotle	Taco Bell	DelTaco	Arby's	KFC	Popeyes	Whataburger	Freddy's	Sonic	Culver's	In-N-Out	Mc Alister's Deli	Cracker Barrel	Shake Shack	Tropical Smoothie Cafe	The Wing Stop	Bojangles	El Pollo Loco	Church's Texas Chicken	Zaxby's	Checkers Rally's	DQ
STNL Properties Sold (2022)	540	233	252	3	4	13	35	25	47	16	21	13	9	7	7	109	873	203	232	188	107	110	131	67	5	19	11	62	65	21	145	27	48	64	29	23	31	32	9	15	26	10	8	5	7	43	9	7	21	42	9	15	4	21	19	67	96	19	1	3	1	11	7	74	15	117	46	20	40	91	54	52	24	8	89	69	25	118	209	26	7	61	TBD	7	2	75	75	87	17	10	73	12	20	34	51	80	66	21	21	17	13	65	47	126	60	42	24	65	34	145	127	145	136	44	50	37	70	207	23	111	124	108	28	16	148	33	4	9	5	3	10	5	37	14	13	32	27	60
Average Sales Price	$6M	$5.1M	$3.6M	$15M	$17M	$28.9M	$14.2M	$12.2M	$11M	$14.2M	$4.2M	$6.6M	$8.8M	$12.8M	$12.5M	$2.6M	$1.7M	$1.6M	$4M	$4.6M	$1.7M	$2M	$1.5M	$2M	$23.8M	$23.2M	$16.9M	$4.6M	$1.5M	$6M	$1.5M	$3M	$4.3M	$75.4M	$11M	$8.5M	$2.2M	$1.5M	$3.6M	$3.6M	$11.1M	$5.6M	$5.7M	$6.1M	$3.2M	$4.3M	$5.5M	$5.5M	$2.4M	$3.6M	$7.8M	$15.8M	$10.7M	$13.3M	$4.4M	$3.3M	$3.4M	$2.8M	$8.5M	$4.4M	$1.3M	$5.4M	$9.3M	$3.4M	$2.3M	$907K	$3.3M	$2.5M	$2.4M	$1.9M	$1.6M	$1.5M	$5.3M	$4M	$2.1M	$2M	$3.2M	$3.1M	$2.3M	$4.1M	$4.4M	$1.9M	TBD	$3.5M	TBD	$4M	$2.9M	$3M	$2.2M	$3.1M	$1.9M	$5.7M	$1.8M	$3.2M	$4.7M	$2.6M	$2.4M	$2.7M	$2.8M	$2.5M	$2M	$2.3M	$3.4M	$1.7M	$2.4M	$3M	$3M	$3.4M	$4.5M	$1.3M	$2.1M	$2M	$2.3M	$2.8M	$1.7M	$2.9M	$2.6M	$2.2M	$2.6M	$1.8M	$2M	$2.5M	$2.9M	$2.6M	$2M	$3.2M	$5.2M	$2.2M	$2.5M	$5.1M	$1.6M	$1.2M	$2.4M	$2.8M	$1.7M	$2.4M	$1.4M	$1.7M
Average CAP Rate	5.60%	5.60%	7.10%	5.20%	4.80%	4.60%	6.40%	4.50%	8.50%	5.50%	5.40%	4.70%	4.30%	4.60%	4.60%	6.50%	5.80%	6.70%	4.70%	4.50%	5.40%	5.30%	6.40%	4.70%	4.30%	5.20%	4.70%	5.40%	7.20%	6.20%	5.60%	6.30%	5.80%	3.90%	4.60%	7.10%	6.40%	5.90%	7.00%	8.80%	6.20%%	6.20%	5.70%	5.50%	5.90%	7.30%	6.70%	4.80%	7.30%	6.00%	6.80%	7.20%	5.80%	6.70%	6.50%	6.00%	6.20%	5.60%	4.30%	5.90%	6.30%	6.80%	5.20%	5.70%	5.30%	6.90%	5.30%	5.90%	5.50%	5.70%	5.50%	5.20%	4.60%	5.00%%	4.40%	5.60%	5.00%	5.60%	6.30%	4.90%	4.50%	5.90%	TBD	6.80%	TBD	4.30%	4.70%	5.10%	6.00%	5.30%	5.90%	4.50%	4.90%	$4.80%	5.80%	6.40%	5.10%	5.70%	4.90%	4.70%	5.50%	5.40%	5.00%	5.40%	4.30%	5.30%	5.70%	3.70%	4.30%	5.30%	3.70%	5.30%	4.90%	4.60%	5.70%	4.80%	4.20%	4.70%	4.80%	4.90%	4.90%	4.70%	4.30%	5.20%	5.50%	4.60%	3.70%	5.10%	4.00%	5.00%	5.40%	6.10%	5.70%	4.30%	5.40%	5.70%	5.20%	5.30%
Average Price PSF	$425	$426	$280	$250	$437	$644	$84	$244	$107	$361	$167	$363	$649	$259	$370	$200	$185	$157	$450	$1,196	$391	$234	$206	$243	$268	$188	$133	$190	$113	$145	$281	$212	$260	$233	$204	$225M	$303	$372	$162M	$102	$132	$90	$166	$238	$901	$326	$142	$266	$106	$146	$119	$119	$258	$321	$137	$338	$381	$553	$639	$374	$344	$278	$295	$208	$198	$108	$441	$468	$233	$595	$180	$843	$974	$837	$875	$737	$973	$950	$664	$671	$804	$464	TBD	$853	TBD	$337	$597	$314	$189	$700	$393	$972	$415	$288	$590	$430	$400	$412	$372	$422	$316	$498	$567	$495	$1,457	$632	$465	$727	$1,131	$368	$489	$575	$776	$1,101	$505	$898	$825	$848	$975	$545	$683	$870	$442	$791	$915	$708	$1,809	$606	$251	$1,082	$1,075	$595	$710	$890	$998	$693	$1,066	$551
Sales Volume	$3.1B	$1.1B	$882M	$47M	$68M	$346M	$412M	$294M	$418M	$171M	$80.5M	$85.4M	$78.8M	$89.9M	$87.7M	$261M	$1.3B	$274M	$759M	$690M	$123M	$164M	$172M	$128M	$95M	$348M	$101M	$261M	$64.8M	$107M	$186M	$53.8M	$167M	$3.8B	$110M	$153M	$51.2M	$41.7M	$29.1M	$46.7M	$233M	$39.3M	$28.7M	$36.5M	$22.3M	$154M	$44.1M	$38.7M	$41.5M	$130M	$46.8M	$189M	$32M	$186M	$74.1M	$184M	$268M	$47.4M	$8.5M	$13.1M	$1.3M	$49M	$64.9M	$215M	$32.2M	$80.7M	$139M	$46.6M	$80.2M	$147M	$77M	$61.3M	$128M	$24M	$185M	$116M	$79.8M	$275M	$397M	$85.9M	$30.5M	$105M	TBD	$24.3M	TBD	$249M	$168M	$202M	$37.8M	$28.2M	$106M	$68.1M	$32M	$89.1M	$211M	$161M	$116M	$46.4M	$49.9M	$32.9M	$22.3M	$113M	$101M	$187M	$110M	$113M	$50.6M	$171M	$113M	$163M	$208M	$268M	$265M	$96.6M	$85.6M	$98.2M	$156M	$394M	$53M	$163M	$231M	$201M	$37.3M	$39.7M	$220M	$79M	$15.7M	$22.3M	$12.6M	$15.4M	$11.1M	$6.1M	$89.6M	$36.1M	$13.6M	$92.4M	$35.7M	$89.6M

ESSENTIAL NET LEASE Market Activity

Below are nationwide, high-level sales metrics for single tenant net leased properties transacted in 2022. Information provided by third-party systems.