Fast Casual NNN Properties for Sale
Invest in America’s fastest-growing restaurant segment. Fast casual NNN properties combine the operational efficiency of quick service restaurants with the quality and experience-driven appeal of casual dining. From established brands like Chipotle and Panera Bread to high-growth concepts like CAVA and Sweetgreen, these investments offer compelling cap rates, long-term leases, and strong consumer demand.
Why Invest in Fast Casual NNN Properties?
The fast casual restaurant segment has transformed American dining, growing from a $30 billion market in 2014 to over $60 billion today. For net lease investors, this growth translates into compelling investment opportunities backed by strong brands, healthy unit economics, and evolving real estate strategies that prioritize drive-thru and digital pickup capabilities.
Fast casual tenants typically offer absolute NNN lease structures with 10-20 year initial terms, minimal landlord responsibilities, and contractual rent escalations. Many concepts are backed by investment-grade parent companies or well-capitalized private equity sponsors, providing credit stability alongside sector growth.
Key Investment Characteristics
| Characteristic | Details |
|---|---|
| Cap Rate Range | 4.75% – 7.50% depending on credit quality, lease term, and location |
| Typical Lease Terms | 10-20 years initial term with 4-6 five-year options |
| Building Size Range | 1,400 – 5,500 SF depending on concept |
| Typical Price Range | $1.2M – $6.5M |
| Lease Structure | Absolute NNN (tenant responsible for taxes, insurance, and all maintenance) |
| Rent Escalations | Typically 1.5% – 2.5% annual or 7.5% – 10% every 5 years |
Investment Advantages
- Growing Consumer Demand: Fast casual continues to outpace overall restaurant industry growth, driven by consumer preferences for quality, speed, and value.
- Strong Credit Profiles: Many fast casual brands are backed by investment-grade parent companies, publicly traded operators, or well-capitalized private equity sponsors.
- Drive-Thru Premium: Locations with drive-thru capabilities command premium valuations and lower cap rates, reflecting higher sales volumes and operational efficiency.
- Digital-First Operations: Fast casual brands lead in digital ordering, delivery integration, and loyalty programs, driving customer retention and sales growth.
- Minimal Landlord Responsibilities: Absolute NNN structures mean tenants handle all operating expenses, property taxes, insurance, and maintenance.
- Long-Term Stability: Initial lease terms of 10-20 years with multiple renewal options provide predictable, long-duration income streams.
2. Tenant Overview Table
| Tenant | Credit/Parent | Locations | Cap Rate | Avg Size | Price Range |
|---|---|---|---|---|---|
| Chipotle | BBB (S&P) | 3,500+ | 4.75% – 5.75% | 2,200-2,800 SF | $2.5M – $5.5M |
| Panera Bread | Private (JAB Holding) | 2,100+ | 5.25% – 6.25% | 4,000-4,500 SF | $3.0M – $6.0M |
| Five Guys | Private | 1,700+ | 5.25% – 6.00% | 2,400-3,000 SF | $2.0M – $4.5M |
| Shake Shack | Not Rated | 500+ | 5.00% – 5.75% | 2,800-3,500 SF | $3.0M – $6.5M |
| CAVA | Not Rated | 350+ | 5.25% – 6.00% | 2,400-3,000 SF | $2.5M – $5.0M |
| Wingstop | BB+ (S&P) | 2,200+ | 5.50% – 6.50% | 1,600-2,200 SF | $1.5M – $3.5M |
| Sweetgreen | Not Rated | 220+ | 5.50% – 6.25% | 2,000-2,800 SF | $2.5M – $5.0M |
| Jersey Mike’s | Private | 2,500+ | 5.50% – 6.50% | 1,400-1,800 SF | $1.2M – $3.0M |
| MOD Pizza | Private | 500+ | 6.00% – 7.00% | 2,400-3,200 SF | $1.8M – $3.5M |
| Blaze Pizza | Private | 300+ | 6.00% – 7.00% | 2,200-2,800 SF | $1.5M – $3.0M |
| Qdoba | Private (Apollo Global) | 750+ | 5.75% – 6.75% | 2,400-3,000 SF | $2.0M – $4.0M |
| Panda Express | Private | 2,400+ | 4.75% – 5.75% | 2,800-3,500 SF | $3.0M – $6.0M |
| Firehouse Subs | Private (Restaurant Brands) | 1,200+ | 5.75% – 6.75% | 1,600-2,200 SF | $1.5M – $3.0M |
| McAlister’s Deli | Private (Focus Brands) | 500+ | 6.00% – 7.00% | 3,500-4,500 SF | $2.0M – $4.0M |
| Tropical Smoothie Cafe | Private | 1,400+ | 5.75% – 6.75% | 1,400-1,800 SF | $1.2M – $2.5M |
| Zaxby’s | Private (Goldman Sachs) | 900+ | 5.00% – 6.00% | 3,200-4,000 SF | $3.0M – $5.5M |
| Noodles & Company | Not Rated | 450+ | 6.25% – 7.25% | 2,400-3,000 SF | $1.5M – $3.0M |
| Jason’s Deli | Private | 250+ | 6.25% – 7.25% | 4,500-5,500 SF | $2.5M – $4.5M |
| PDQ | Private | 70+ | 5.50% – 6.50% | 3,500-4,500 SF | $3.0M – $5.0M |
| Newk’s Eatery | Private | 100+ | 6.50% – 7.50% | 3,800-4,500 SF | $1.5M – $3.0M |
3. Individual Tenant Pages
1. Chipotle NNN Properties
Page URL: /tenant/chipotle-nnn-properties/
Meta Title: Chipotle NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Chipotle NNN properties for sale. 10-15 years lease terms, 4.75% – 5.75% cap rates. Expert buyer representation for net lease investors.
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Chipotle NNN Properties for Sale
Invest in Chipotle triple net lease properties. Backed by Chipotle Mexican Grill, Inc. (CMG), Chipotle operates 3,500+ locations nationwide. These NNN investments offer 10-15 years lease terms with 4.75% – 5.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | BBB (S&P) |
| Parent Company | Chipotle Mexican Grill, Inc. |
| Stock Ticker | CMG |
| Locations | 3,500+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,200-2,800 SF |
| Cap Rate Range | 4.75% – 5.75% |
| Price Range | $2.5M – $5.5M |
Why Invest in Chipotle NNN Properties?
- Investment-grade credit (BBB)
- Strong same-store sales growth
- Digital-first strategy driving traffic
- Chipotlane locations command premium pricing
- Minimal landlord responsibilities (NNN)
- Corporate guarantee on most leases
FAQ
Q: What is the typical cap rate for Chipotle NNN properties?
A: Chipotle NNN properties typically trade at 4.75% – 5.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Chipotle NNN leases?
A: Chipotle typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Chipotle’s credit rating?
A: Chipotle carries a BBB (S&P) credit rating, providing investment-grade backing for lease obligations.
2. Panera Bread NNN Properties
Page URL: /tenant/panera-bread-nnn-properties/
Meta Title: Panera Bread NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Panera Bread NNN properties for sale. 10-15 years lease terms, 5.25% – 6.25% cap rates. Expert buyer representation for net lease investors.
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Panera Bread NNN Properties for Sale
Invest in Panera Bread triple net lease properties. Backed by Panera Brands (JAB Holding Company), Panera Bread operates 2,100+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.25% – 6.25% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private (JAB Holding) |
| Parent Company | Panera Brands (JAB Holding Company) |
| Stock Ticker | Private |
| Locations | 2,100+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 4,000-4,500 SF |
| Cap Rate Range | 5.25% – 6.25% |
| Price Range | $3.0M – $6.0M |
Why Invest in Panera Bread NNN Properties?
- Backed by JAB Holding Company (€50B+ portfolio)
- Strong breakfast and lunch dayparts
- Robust catering and delivery revenue
- Drive-thru locations increasingly common
- Established brand with loyal customer base
- Typically absolute NNN structure
FAQ
Q: What is the typical cap rate for Panera Bread NNN properties?
A: Panera Bread NNN properties typically trade at 5.25% – 6.25% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Panera Bread NNN leases?
A: Panera Bread typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Panera Bread’s credit rating?
A: Panera Bread is privately held and does not carry a public credit rating. However, Panera Brands (JAB Holding Company) provides financial backing for lease obligations.
3. Five Guys NNN Properties
Page URL: /tenant/five-guys-nnn-properties/
Meta Title: Five Guys NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Five Guys NNN properties for sale. 10-15 years lease terms, 5.25% – 6.00% cap rates. Expert buyer representation for net lease investors.
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Five Guys NNN Properties for Sale
Invest in Five Guys triple net lease properties. Five Guys Enterprises, LLC operates 1,700+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 5.25% – 6.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Five Guys Enterprises, LLC |
| Stock Ticker | Private |
| Locations | 1,700+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,400-3,000 SF |
| Cap Rate Range | 5.25% – 6.00% |
| Price Range | $2.0M – $4.5M |
Why Invest in Five Guys NNN Properties?
- Premium fast casual positioning
- Family-owned with strong unit economics
- High average ticket drives revenue
- Consistent expansion strategy
- Strong franchisee network
- NNN lease structure standard
FAQ
Q: What is the typical cap rate for Five Guys NNN properties?
A: Five Guys NNN properties typically trade at 5.25% – 6.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Five Guys NNN leases?
A: Five Guys typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Five Guys’s credit rating?
A: Five Guys is privately held and does not carry a public credit rating. However, Five Guys Enterprises, LLC provides financial backing for lease obligations.
4. Shake Shack NNN Properties
Page URL: /tenant/shake-shack-nnn-properties/
Meta Title: Shake Shack NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Shake Shack NNN properties for sale. 10-15 years lease terms, 5.00% – 5.75% cap rates. Expert buyer representation for net lease investors.
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Shake Shack NNN Properties for Sale
Invest in Shake Shack triple net lease properties. Backed by Shake Shack Inc. (SHAK), Shake Shack operates 500+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.00% – 5.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Not Rated |
| Parent Company | Shake Shack Inc. |
| Stock Ticker | SHAK |
| Locations | 500+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,800-3,500 SF |
| Cap Rate Range | 5.00% – 5.75% |
| Price Range | $3.0M – $6.5M |
Why Invest in Shake Shack NNN Properties?
- Publicly traded (NYSE: SHAK)
- Premium brand with cult following
- Aggressive drive-thru expansion
- Strong unit-level economics
- Prime real estate locations
- Corporate guarantee available
FAQ
Q: What is the typical cap rate for Shake Shack NNN properties?
A: Shake Shack NNN properties typically trade at 5.00% – 5.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Shake Shack NNN leases?
A: Shake Shack typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Shake Shack’s credit rating?
A: Shake Shack is publicly traded but does not carry a formal credit rating. However, Shake Shack Inc. provides financial backing for lease obligations as a publicly traded company.
5. CAVA NNN Properties
Page URL: /tenant/cava-nnn-properties/
Meta Title: CAVA NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse CAVA NNN properties for sale. 10-15 years lease terms, 5.25% – 6.00% cap rates. Expert buyer representation for net lease investors.
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CAVA NNN Properties for Sale
Invest in CAVA triple net lease properties. Backed by CAVA Group, Inc. (CAVA), CAVA operates 350+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.25% – 6.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Not Rated |
| Parent Company | CAVA Group, Inc. |
| Stock Ticker | CAVA |
| Locations | 350+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,400-3,000 SF |
| Cap Rate Range | 5.25% – 6.00% |
| Price Range | $2.5M – $5.0M |
Why Invest in CAVA NNN Properties?
- Publicly traded (NYSE: CAVA)
- Fastest-growing fast casual concept
- Strong same-store sales performance
- Health-conscious positioning
- Digital-first operations
- Aggressive expansion pipeline
FAQ
Q: What is the typical cap rate for CAVA NNN properties?
A: CAVA NNN properties typically trade at 5.25% – 6.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical CAVA NNN leases?
A: CAVA typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is CAVA’s credit rating?
A: CAVA is publicly traded but does not carry a formal credit rating. However, CAVA Group, Inc. provides financial backing for lease obligations as a publicly traded company.
6. Wingstop NNN Properties
Page URL: /tenant/wingstop-nnn-properties/
Meta Title: Wingstop NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Wingstop NNN properties for sale. 10-15 years lease terms, 5.50% – 6.50% cap rates. Expert buyer representation for net lease investors.
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Wingstop NNN Properties for Sale
Invest in Wingstop triple net lease properties. Backed by Wingstop Inc. (WING), Wingstop operates 2,200+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.50% – 6.50% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | BB+ (S&P) |
| Parent Company | Wingstop Inc. |
| Stock Ticker | WING |
| Locations | 2,200+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 1,600-2,200 SF |
| Cap Rate Range | 5.50% – 6.50% |
| Price Range | $1.5M – $3.5M |
Why Invest in Wingstop NNN Properties?
- Publicly traded (NYSE: WING)
- Industry-leading same-store sales
- Delivery and digital-first model
- Smaller footprint reduces risk
- Strong franchisee unit economics
- Minimal kitchen buildout requirements
FAQ
Q: What is the typical cap rate for Wingstop NNN properties?
A: Wingstop NNN properties typically trade at 5.50% – 6.50% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Wingstop NNN leases?
A: Wingstop typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Wingstop’s credit rating?
A: Wingstop carries a BB+ (S&P) credit rating, providing near-investment-grade backing for lease obligations.
7. Sweetgreen NNN Properties
Page URL: /tenant/sweetgreen-nnn-properties/
Meta Title: Sweetgreen NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Sweetgreen NNN properties for sale. 10-15 years lease terms, 5.50% – 6.25% cap rates. Expert buyer representation for net lease investors.
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Sweetgreen NNN Properties for Sale
Invest in Sweetgreen triple net lease properties. Backed by Sweetgreen, Inc. (SG), Sweetgreen operates 220+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.50% – 6.25% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Not Rated |
| Parent Company | Sweetgreen, Inc. |
| Stock Ticker | SG |
| Locations | 220+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,000-2,800 SF |
| Cap Rate Range | 5.50% – 6.25% |
| Price Range | $2.5M – $5.0M |
Why Invest in Sweetgreen NNN Properties?
- Publicly traded (NYSE: SG)
- Premium health-conscious brand
- Strong urban demographic appeal
- Infinite Kitchen automation
- High average unit volumes
- Prime real estate locations
FAQ
Q: What is the typical cap rate for Sweetgreen NNN properties?
A: Sweetgreen NNN properties typically trade at 5.50% – 6.25% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Sweetgreen NNN leases?
A: Sweetgreen typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Sweetgreen’s credit rating?
A: Sweetgreen is publicly traded but does not carry a formal credit rating. However, Sweetgreen, Inc. provides financial backing for lease obligations as a publicly traded company.
8. Jersey Mike’s NNN Properties
Page URL: /tenant/jersey-mikes-nnn-properties/
Meta Title: Jersey Mike’s NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Jersey Mike’s NNN properties for sale. 10-15 years lease terms, 5.50% – 6.50% cap rates. Expert buyer representation for net lease investors.
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Jersey Mike’s NNN Properties for Sale
Invest in Jersey Mike’s triple net lease properties. Jersey Mike’s Franchise Systems, Inc. operates 2,500+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 5.50% – 6.50% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Jersey Mike’s Franchise Systems, Inc. |
| Stock Ticker | Private |
| Locations | 2,500+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 1,400-1,800 SF |
| Cap Rate Range | 5.50% – 6.50% |
| Price Range | $1.2M – $3.0M |
Why Invest in Jersey Mike’s NNN Properties?
- Fastest-growing sub chain
- Strong franchisee economics
- Smaller footprint reduces investment
- Premium positioning vs. competitors
- Consistent expansion strategy
- NNN lease structure typical
FAQ
Q: What is the typical cap rate for Jersey Mike’s NNN properties?
A: Jersey Mike’s NNN properties typically trade at 5.50% – 6.50% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Jersey Mike’s NNN leases?
A: Jersey Mike’s typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Jersey Mike’s’s credit rating?
A: Jersey Mike’s is privately held and does not carry a public credit rating. However, Jersey Mike’s Franchise Systems, Inc. provides financial backing for lease obligations.
9. MOD Pizza NNN Properties
Page URL: /tenant/mod-pizza-nnn-properties/
Meta Title: MOD Pizza NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse MOD Pizza NNN properties for sale. 10-15 years lease terms, 6.00% – 7.00% cap rates. Expert buyer representation for net lease investors.
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MOD Pizza NNN Properties for Sale
Invest in MOD Pizza triple net lease properties. MOD Super Fast Pizza Holdings, LLC operates 500+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 6.00% – 7.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | MOD Super Fast Pizza Holdings, LLC |
| Stock Ticker | Private |
| Locations | 500+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,400-3,200 SF |
| Cap Rate Range | 6.00% – 7.00% |
| Price Range | $1.8M – $3.5M |
Why Invest in MOD Pizza NNN Properties?
- Pioneer of fast casual pizza segment
- Strong brand with social mission
- Customizable model drives traffic
- Consistent unit growth
- Strip center and inline locations
- NNN and modified gross structures
FAQ
Q: What is the typical cap rate for MOD Pizza NNN properties?
A: MOD Pizza NNN properties typically trade at 6.00% – 7.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical MOD Pizza NNN leases?
A: MOD Pizza typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is MOD Pizza’s credit rating?
A: MOD Pizza is privately held and does not carry a public credit rating. However, MOD Super Fast Pizza Holdings, LLC provides financial backing for lease obligations.
10. Blaze Pizza NNN Properties
Page URL: /tenant/blaze-pizza-nnn-properties/
Meta Title: Blaze Pizza NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Blaze Pizza NNN properties for sale. 10-15 years lease terms, 6.00% – 7.00% cap rates. Expert buyer representation for net lease investors.
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Blaze Pizza NNN Properties for Sale
Invest in Blaze Pizza triple net lease properties. Blaze Pizza LLC operates 300+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 6.00% – 7.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Blaze Pizza LLC |
| Stock Ticker | Private |
| Locations | 300+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,200-2,800 SF |
| Cap Rate Range | 6.00% – 7.00% |
| Price Range | $1.5M – $3.0M |
Why Invest in Blaze Pizza NNN Properties?
- Fast casual pizza concept
- Celebrity investor backing
- Customizable pizza model
- Franchise-driven growth
- Strip center preferred locations
- Typically NNN structure
FAQ
Q: What is the typical cap rate for Blaze Pizza NNN properties?
A: Blaze Pizza NNN properties typically trade at 6.00% – 7.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Blaze Pizza NNN leases?
A: Blaze Pizza typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Blaze Pizza’s credit rating?
A: Blaze Pizza is privately held and does not carry a public credit rating. However, Blaze Pizza LLC provides financial backing for lease obligations.
11. Qdoba NNN Properties
Page URL: /tenant/qdoba-nnn-properties/
Meta Title: Qdoba NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Qdoba NNN properties for sale. 10-15 years lease terms, 5.75% – 6.75% cap rates. Expert buyer representation for net lease investors.
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Qdoba NNN Properties for Sale
Invest in Qdoba triple net lease properties. Backed by Qdoba Restaurant Corporation (Apollo Global Management), Qdoba operates 750+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.75% – 6.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private (Apollo Global) |
| Parent Company | Qdoba Restaurant Corporation |
| Stock Ticker | Private |
| Locations | 750+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,400-3,000 SF |
| Cap Rate Range | 5.75% – 6.75% |
| Price Range | $2.0M – $4.0M |
Why Invest in Qdoba NNN Properties?
- Backed by Apollo Global Management
- Strong Mexican fast casual positioning
- Differentiated from Chipotle
- Catering revenue driver
- Franchise and corporate mix
- NNN structure standard
FAQ
Q: What is the typical cap rate for Qdoba NNN properties?
A: Qdoba NNN properties typically trade at 5.75% – 6.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Qdoba NNN leases?
A: Qdoba typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Qdoba’s credit rating?
A: Qdoba is privately held and does not carry a public credit rating. However, Qdoba Restaurant Corporation (backed by Apollo Global Management) provides financial backing for lease obligations.
12. Panda Express NNN Properties
Page URL: /tenant/panda-express-nnn-properties/
Meta Title: Panda Express NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Panda Express NNN properties for sale. 10-20 years lease terms, 4.75% – 5.75% cap rates. Expert buyer representation for net lease investors.
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Panda Express NNN Properties for Sale
Invest in Panda Express triple net lease properties. Panda Restaurant Group, Inc. operates 2,400+ locations nationwide with strong brand presence. These NNN investments offer 10-20 years lease terms with 4.75% – 5.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Panda Restaurant Group, Inc. |
| Stock Ticker | Private |
| Locations | 2,400+ |
| Typical Lease Terms | 10-20 years |
| Building Size | 2,800-3,500 SF |
| Cap Rate Range | 4.75% – 5.75% |
| Price Range | $3.0M – $6.0M |
Why Invest in Panda Express NNN Properties?
- Largest Asian fast casual chain
- Family-owned since 1983
- Strong drive-thru performance
- High unit volumes
- Corporate-owned (no franchising)
- Absolute NNN typical
FAQ
Q: What is the typical cap rate for Panda Express NNN properties?
A: Panda Express NNN properties typically trade at 4.75% – 5.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Panda Express NNN leases?
A: Panda Express typically signs 10-20 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Panda Express’s credit rating?
A: Panda Express is privately held and does not carry a public credit rating. However, Panda Restaurant Group, Inc. provides financial backing for lease obligations.
13. Firehouse Subs NNN Properties
Page URL: /tenant/firehouse-subs-nnn-properties/
Meta Title: Firehouse Subs NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Firehouse Subs NNN properties for sale. 10-15 years lease terms, 5.75% – 6.75% cap rates. Expert buyer representation for net lease investors.
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Firehouse Subs NNN Properties for Sale
Invest in Firehouse Subs triple net lease properties. Backed by Restaurant Brands International (QSR), Firehouse Subs operates 1,200+ locations nationwide. These NNN investments offer 10-15 years lease terms with 5.75% – 6.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private (Restaurant Brands) |
| Parent Company | Restaurant Brands International |
| Stock Ticker | QSR |
| Locations | 1,200+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 1,600-2,200 SF |
| Cap Rate Range | 5.75% – 6.75% |
| Price Range | $1.5M – $3.0M |
Why Invest in Firehouse Subs NNN Properties?
- Owned by Restaurant Brands International (QSR)
- Premium sub positioning
- Strong brand differentiation
- First responder community connection
- Growing franchise network
- NNN structure typical
FAQ
Q: What is the typical cap rate for Firehouse Subs NNN properties?
A: Firehouse Subs NNN properties typically trade at 5.75% – 6.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Firehouse Subs NNN leases?
A: Firehouse Subs typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Firehouse Subs’s credit rating?
A: Firehouse Subs is owned by Restaurant Brands International (NYSE: QSR), which provides corporate backing for lease obligations.
14. McAlister’s Deli NNN Properties
Page URL: /tenant/mcalisters-deli-nnn-properties/
Meta Title: McAlister’s Deli NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse McAlister’s Deli NNN properties for sale. 10-15 years lease terms, 6.00% – 7.00% cap rates. Expert buyer representation for net lease investors.
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McAlister’s Deli NNN Properties for Sale
Invest in McAlister’s Deli triple net lease properties. Backed by Focus Brands LLC (Roark Capital), McAlister’s Deli operates 500+ locations nationwide. These NNN investments offer 10-15 years lease terms with 6.00% – 7.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private (Focus Brands) |
| Parent Company | Focus Brands LLC (Roark Capital) |
| Stock Ticker | Private |
| Locations | 500+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 3,500-4,500 SF |
| Cap Rate Range | 6.00% – 7.00% |
| Price Range | $2.0M – $4.0M |
Why Invest in McAlister’s Deli NNN Properties?
- Part of Focus Brands (Roark Capital)
- Strong deli and catering business
- Loyal customer base
- Larger format restaurant
- Primarily southeastern presence
- NNN and NN structures
FAQ
Q: What is the typical cap rate for McAlister’s Deli NNN properties?
A: McAlister’s Deli NNN properties typically trade at 6.00% – 7.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical McAlister’s Deli NNN leases?
A: McAlister’s Deli typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is McAlister’s Deli’s credit rating?
A: McAlister’s Deli is privately held and does not carry a public credit rating. However, Focus Brands LLC (Roark Capital) provides financial backing for lease obligations.
15. Tropical Smoothie Cafe NNN Properties
Page URL: /tenant/tropical-smoothie-cafe-nnn-properties/
Meta Title: Tropical Smoothie Cafe NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Tropical Smoothie Cafe NNN properties for sale. 10-15 years lease terms, 5.75% – 6.75% cap rates. Expert buyer representation for net lease investors.
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Tropical Smoothie Cafe NNN Properties for Sale
Invest in Tropical Smoothie Cafe triple net lease properties. Tropical Smoothie Cafe, LLC operates 1,400+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 5.75% – 6.75% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Tropical Smoothie Cafe, LLC |
| Stock Ticker | Private |
| Locations | 1,400+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 1,400-1,800 SF |
| Cap Rate Range | 5.75% – 6.75% |
| Price Range | $1.2M – $2.5M |
Why Invest in Tropical Smoothie Cafe NNN Properties?
- Rapidly growing franchise
- Health-conscious positioning
- Smaller footprint reduces investment
- Strong morning daypart
- Food menu differentiator
- NNN structure standard
FAQ
Q: What is the typical cap rate for Tropical Smoothie Cafe NNN properties?
A: Tropical Smoothie Cafe NNN properties typically trade at 5.75% – 6.75% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Tropical Smoothie Cafe NNN leases?
A: Tropical Smoothie Cafe typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Tropical Smoothie Cafe’s credit rating?
A: Tropical Smoothie Cafe is privately held and does not carry a public credit rating. However, Tropical Smoothie Cafe, LLC provides financial backing for lease obligations.
16. Zaxby’s NNN Properties
Page URL: /tenant/zaxbys-nnn-properties/
Meta Title: Zaxby’s NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Zaxby’s NNN properties for sale. 15-20 years lease terms, 5.00% – 6.00% cap rates. Expert buyer representation for net lease investors.
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Zaxby’s NNN Properties for Sale
Invest in Zaxby’s triple net lease properties. Backed by Zaxby’s Franchising LLC (Goldman Sachs partnership), Zaxby’s operates 900+ locations nationwide. These NNN investments offer 15-20 years lease terms with 5.00% – 6.00% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private (Goldman Sachs) |
| Parent Company | Zaxby’s Franchising LLC |
| Stock Ticker | Private |
| Locations | 900+ |
| Typical Lease Terms | 15-20 years |
| Building Size | 3,200-4,000 SF |
| Cap Rate Range | 5.00% – 6.00% |
| Price Range | $3.0M – $5.5M |
Why Invest in Zaxby’s NNN Properties?
- Goldman Sachs partnership
- Strong southeastern brand loyalty
- Drive-thru performance leader
- High unit volumes
- Corporate and franchise mix
- Typically absolute NNN
FAQ
Q: What is the typical cap rate for Zaxby’s NNN properties?
A: Zaxby’s NNN properties typically trade at 5.00% – 6.00% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Zaxby’s NNN leases?
A: Zaxby’s typically signs 15-20 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Zaxby’s’s credit rating?
A: Zaxby’s is privately held and does not carry a public credit rating. However, Zaxby’s Franchising LLC (Goldman Sachs partnership) provides financial backing for lease obligations.
17. Noodles & Company NNN Properties
Page URL: /tenant/noodles-and-company-nnn-properties/
Meta Title: Noodles & Company NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Noodles & Company NNN properties for sale. 10-15 years lease terms, 6.25% – 7.25% cap rates. Expert buyer representation for net lease investors.
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Noodles & Company NNN Properties for Sale
Invest in Noodles & Company triple net lease properties. Backed by Noodles & Company (NDLS), Noodles & Company operates 450+ locations nationwide. These NNN investments offer 10-15 years lease terms with 6.25% – 7.25% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Not Rated |
| Parent Company | Noodles & Company |
| Stock Ticker | NDLS |
| Locations | 450+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 2,400-3,000 SF |
| Cap Rate Range | 6.25% – 7.25% |
| Price Range | $1.5M – $3.0M |
Why Invest in Noodles & Company NNN Properties?
- Publicly traded (NASDAQ: NDLS)
- Unique noodle-focused concept
- Diverse global menu
- Strong catering program
- Strip center locations
- NNN and NN structures
FAQ
Q: What is the typical cap rate for Noodles & Company NNN properties?
A: Noodles & Company NNN properties typically trade at 6.25% – 7.25% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Noodles & Company NNN leases?
A: Noodles & Company typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Noodles & Company’s credit rating?
A: Noodles & Company is publicly traded but does not carry a formal credit rating. However, Noodles & Company provides financial backing for lease obligations as a publicly traded company.
18. Jason’s Deli NNN Properties
Page URL: /tenant/jasons-deli-nnn-properties/
Meta Title: Jason’s Deli NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Jason’s Deli NNN properties for sale. 10-15 years lease terms, 6.25% – 7.25% cap rates. Expert buyer representation for net lease investors.
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Jason’s Deli NNN Properties for Sale
Invest in Jason’s Deli triple net lease properties. Jason’s Deli, Inc. operates 250+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 6.25% – 7.25% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Jason’s Deli, Inc. |
| Stock Ticker | Private |
| Locations | 250+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 4,500-5,500 SF |
| Cap Rate Range | 6.25% – 7.25% |
| Price Range | $2.5M – $4.5M |
Why Invest in Jason’s Deli NNN Properties?
- Family-owned since 1976
- Strong regional brand
- Organic and healthy focus
- Larger format restaurant
- Loyal customer following
- Typically NNN structure
FAQ
Q: What is the typical cap rate for Jason’s Deli NNN properties?
A: Jason’s Deli NNN properties typically trade at 6.25% – 7.25% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Jason’s Deli NNN leases?
A: Jason’s Deli typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Jason’s Deli’s credit rating?
A: Jason’s Deli is privately held and does not carry a public credit rating. However, Jason’s Deli, Inc. provides financial backing for lease obligations.
19. PDQ NNN Properties
Page URL: /tenant/pdq-nnn-properties/
Meta Title: PDQ NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse PDQ NNN properties for sale. 15-20 years lease terms, 5.50% – 6.50% cap rates. Expert buyer representation for net lease investors.
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PDQ NNN Properties for Sale
Invest in PDQ triple net lease properties. PDQ Restaurant Holdings, LLC operates 70+ locations nationwide with strong brand presence. These NNN investments offer 15-20 years lease terms with 5.50% – 6.50% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | PDQ Restaurant Holdings, LLC |
| Stock Ticker | Private |
| Locations | 70+ |
| Typical Lease Terms | 15-20 years |
| Building Size | 3,500-4,500 SF |
| Cap Rate Range | 5.50% – 6.50% |
| Price Range | $3.0M – $5.0M |
Why Invest in PDQ NNN Properties?
- Premium chicken concept
- Strong Florida presence
- Drive-thru focused
- Growing brand awareness
- Corporate-owned units
- Absolute NNN typical
FAQ
Q: What is the typical cap rate for PDQ NNN properties?
A: PDQ NNN properties typically trade at 5.50% – 6.50% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical PDQ NNN leases?
A: PDQ typically signs 15-20 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is PDQ’s credit rating?
A: PDQ is privately held and does not carry a public credit rating. However, PDQ Restaurant Holdings, LLC provides financial backing for lease obligations.
20. Newk’s Eatery NNN Properties
Page URL: /tenant/newks-eatery-nnn-properties/
Meta Title: Newk’s Eatery NNN Properties for Sale | Triple Net Lease Investment
Meta Description: Browse Newk’s Eatery NNN properties for sale. 10-15 years lease terms, 6.50% – 7.50% cap rates. Expert buyer representation for net lease investors.
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Newk’s Eatery NNN Properties for Sale
Invest in Newk’s Eatery triple net lease properties. Newk’s Eatery operates 100+ locations nationwide with strong brand presence. These NNN investments offer 10-15 years lease terms with 6.50% – 7.50% cap rates and minimal landlord responsibilities.
Investment Characteristics
| Characteristic | Details |
|---|---|
| Credit Rating | Private |
| Parent Company | Newk’s Eatery |
| Stock Ticker | Private |
| Locations | 100+ |
| Typical Lease Terms | 10-15 years |
| Building Size | 3,800-4,500 SF |
| Cap Rate Range | 6.50% – 7.50% |
| Price Range | $1.5M – $3.0M |
Why Invest in Newk’s Eatery NNN Properties?
- Fresh casual dining concept
- Strong soup and salad focus
- Cafe-style atmosphere
- Regional brand strength
- Franchise-driven growth
- NNN and NN structures
FAQ
Q: What is the typical cap rate for Newk’s Eatery NNN properties?
A: Newk’s Eatery NNN properties typically trade at 6.50% – 7.50% cap rates, depending on lease term remaining, location quality, and whether the unit includes drive-thru capabilities.
Q: How long are typical Newk’s Eatery NNN leases?
A: Newk’s Eatery typically signs 10-15 years initial lease terms with multiple five-year renewal options. Rent escalations are commonly 1.5-2% annually or 7.5-10% every five years.
Q: What is Newk’s Eatery’s credit rating?
A: Newk’s Eatery is privately held and does not carry a public credit rating. However, Newk’s Eatery provides financial backing for lease obligations.