Banco Popular NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
5.7%
This Year Cap
5.9%
Cap Change
0.2%
Last Year Rating
BB+
This Year Rating
BB+
Rating Change
No change
Banco Popular – NNN Cap Rate Trend
Cap Rate Trends
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Tenant | Year | Cap Rate |
|---|---|---|---|---|---|---|---|
| 5779 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,020 | 6.5 |
| 5780 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,021 | 6.3 |
| 5781 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,022 | 6.0 |
| 5782 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,023 | 6.3 |
| 5783 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,024 | 6.6 |
| 5784 | admin2 | 2026 04:17 AM | admin2 | 2026 04:17 AM | 7 Brew | 2,025 | 6.6 |
| Tenant | Year | Cap Rate |
Credit (what net-lease buyers care about)
Credit Snapshot
Banco Popular
Banco Popular Net Lease: Secure, Essential Investment
Popular, Inc. – Credit Trend (S&P vs Moody’s)
Tenant_Rating_Trend
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | TenantKey | Tenant | Year | Moody | SP | Moody_Grade | SP_Grade | Moody_GradeRank | SP_GradeRank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2022 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 2 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2023 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 3 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2024 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 4 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 7eleveninc | 7-Eleven, Inc. | 2025 | Baa2 | A | Lower Medium Grade | Upper Medium Grade | 5 | 6 |
| 5 | admin2 | 2025 03:43 PM | admin2 | 2025 03:43 PM | 99centsonlystoresllc | 99 Cents Only Stores, LLC | 2022 | Caa2 | CCC+ | Substantial Risk | Substantial Risk | 2 | 2 |
Banco Popular Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Banco Popular Investor Snapshot (Quick Facts)Banco Popular
Origins & Growth (Past)
Why investors buy Banco Popular NNN Properties or Banco Popular ground Lease Properties?
Pros (what buyers like)
- Established banking platform
Long operating history and strong presence in Puerto Rico - Essential financial services
Banking services generate recurring customer demand - Strong market presence
Leading financial institution by assets and deposits in Puerto Rico - Prime branch locations
Many locations benefit from visibility, accessibility, and established trade areas - NNN & ground lease potential
Long-term lease structures can appeal to passive and 1031 exchange investors
Cons (what can bite you)
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Banco Popular Net Lease
• 10–15+ years of lease term remaining (or shorter term with strong options) • Absolute NNN or clean NNN lease structure • Prime corner / signalized location with strong visibility • Well-positioned branch with convenient access • Market-aligned rent supporting resale and backfill
02
⚠ Yellow Flags (Price Accordingly)
• NN or modified NNN lease with landlord responsibilities • Flat rent with limited or no escalations • Oversized or outdated branch format that may be harder to re-tenant • Non-prime location with weak visibility or access • Short remaining lease term or weak renewal options
Find out more
Banco Popular Background & History
Banco Popular de Puerto Rico is a leading financial institution in Puerto Rico and the principal subsidiary of Popular, Inc. Founded in 1893, Banco Popular has developed a strong presence in retail, mortgage, and commercial banking.
Over time, Banco Popular expanded its banking operations and built an extensive network serving consumers and businesses. Its services include everyday banking, mortgage lending, commercial banking, and other financial services across Puerto Rico and the U.S. and British Virgin Islands.
As banking preferences have shifted toward digital access, Banco Popular has continued investing in digital and mobile banking capabilities while maintaining its physical branch network and customer service operations.
Why Banco Popular Matters to NNN Investors
Banco Popular properties can be relevant to NNN investors because banking locations provide essential financial services and often serve established trade areas. Property fundamentals such as visibility, accessibility, surrounding demographics, and location quality can play an important role in long-term investment value.
For investors evaluating Banco Popular NNN properties, a Banco Popular net lease, or a Banco Popular ground lease, the investment thesis should focus on the actual lease structure, tenant credit, remaining term, rent escalations, and underlying real estate rather than the brand alone.
Well-located branches with strong visibility, convenient access, and established customer demand may offer attractive characteristics for investors seeking long-term net lease income.
What Buyers and Sellers Should Evaluate
For investors evaluating Banco Popular NNN properties, Banco Popular net lease opportunities, or Banco Popular ground leases, buyers should carefully review lease economics, property fundamentals, and tenant credit.
Common considerations include Banco Popular real estate, Banco Popular cap rates, Banco Popular lease terms, Banco Popular tenant credit, and ground lease opportunities.
Buyers and sellers should evaluate each property individually, including remaining lease term, renewal options, rent escalations, landlord responsibilities, ingress and egress, visibility, traffic patterns, surrounding population, and nearby competition.
our team of experts are here for you
Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.
Whether you are comparing Banco Popular ground lease properties or fee simple Banco Popular assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.