STNL market gains momentum with 100% bonus depreciation and rising investor demand for high-credit single-tenant properties.
Single-tenant net lease (STNL) properties attract investors after 100% bonus depreciation is permanently reinstated in 2025, reports IREI. The tax break had phased down to 60% in 2024. It now allows investors to immediately deduct the full cost of qualifying improvements. This benefit applies especially to equipment-heavy assets like car washes, QSRs, and auto service centers.