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BI-LO NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Explore BI-LO NNN properties, former BI-LO real estate, cap rates, lease terms, tenant credit, ground lease opportunities, and 1031 exchange options for NNN investors.

Last Year Cap

6.9%

This Year Cap

7.2%

Cap Change

0.3%

BI-LO – 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
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Credit (what net-lease buyers care about)

Credit Snapshot

BI-LO

Cap Rates NNN
Last Year 6.9%
This Year 7.2%
Change 0.3%
S&P Rating CREDIT
Last Year NR
This Year NR
Change NO CHANGE

BI-LO Net Lease: Secure, Essential Investment

BI-LO was a regional grocery store brand operated by Southeastern Grocers, LLC (SEG), with a long operating history across the Southeastern United States. The company operated BI-LO alongside other grocery banners, including Winn-Dixie and Harveys.

Why BI-LO Matters to NNN Investors

BI-LO properties can still be relevant to investors because the underlying real estate may remain valuable even after the original BI-LO operation ends. Grocery properties can benefit from established trade areas, large floorplates, parking availability, visibility, and convenient access. However, investors should focus on the actual lease, current tenant, guarantor, and property status rather than relying on the historical BI-LO brand.

What Buyers and Sellers Should Evaluate

For investors evaluating a BI-LO net lease or former BI-LO property, the investment thesis should focus on real estate fundamentals, current tenant credit, lease economics, and long-term property usability.

Common searches include BI-LO real estate, BI-LO net lease, BI-LO lease terms, BI-LO tenant credit, BI-LO NNN properties, and former BI-LO properties. For 1031 exchange buyers, a former BI-LO property may be considered alongside other grocery, retail, and single-tenant net lease investments. Buyers should compare the purchase price, cap rate, remaining lease term, rent growth, tenant credit, landlord obligations, location quality, and potential resale value.

BI-LO Investment Market Statistics

AVERAGE SALE PRICE

$12,300,000

BUILDING SIZE

37,450 – 46,200 SF

AVERAGE NOI

$675,750

LAND

3.8 – 7.07 acres

$/SF RANGE

$61 – $118/SF

LEASE TERM SHOWN

10 years

BI-LO Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Regional grocery brand serving the Southeastern U.S.
  • Operated under Southeastern Grocers (SEG)
  • Built a strong presence across the Carolinas and Georgia
  • Served established neighborhood and suburban trade areas
  • Operated full-service supermarket locations

Where BI-LO Stands Today

  • Full-service grocery supermarket format
  • Offered groceries, fresh food, and household products
  • Focused on everyday consumer needs
  • Primarily served local and regional communities
  • Maintained established retail locations across Southeastern markets

Where BI-LO Stands Today

  • BI-LO banner was phased out by 2021
  • Former BI-LO locations may offer re-tenanting opportunities
  • Property value depends on location and site characteristics
  • Current tenant and lease status require due diligence
  • Redevelopment or repositioning potential varies by property
 

Why investors buy BI-LO NNN Properties or BI-LO ground Lease Properties?

Pros (what buyers like)

  • Established grocery locations
    Former BI-LO stores were generally located in established neighborhood and suburban trade areas
  • Strong local market presence
    BI-LO built a recognized grocery presence across the Southeastern U.S.
  • Large retail footprints
    Former supermarket sites may offer substantial building and land areas
  • Re-tenanting potential
    Well-located former grocery properties may attract replacement retail tenants

Cons (what can bite you)

  • BI-LO banner discontinued
    The BI-LO brand was phased out, so investors must evaluate the current tenant
  • Re-tenanting challenges
    Former grocery stores may require significant changes for a new tenant
  • Property-specific lease risk
    Lease terms and responsibilities can vary significantly by individual property
  • Location and site risk
    Traffic, visibility, access, and surrounding competition can affect property value

Find out more

Explore BI-LO NNN properties, former BI-LO real estate, cap rates, lease terms, tenant credit, ground lease opportunities, and 1031 exchange options for NNN investors.

BI-LO Background & History

BI-LO was a regional grocery brand that served communities across the Southeastern United States. Founded in 1961, the company grew its supermarket presence across states including Georgia, South Carolina, North Carolina, and Tennessee before becoming part of Southeastern Grocers.

Over the years, BI-LO expanded through store growth and its combination with Winn-Dixie. Southeastern Grocers later began selling and transitioning BI-LO stores as part of its broader business transformation. By 2021, the company had completed plans to exit the BI-LO banner.

The brand’s former store locations continue to represent retail real estate opportunities, with individual properties potentially serving different tenants and uses today. For investors, the location, property size, lease structure, current tenant, and future re-tenanting potential are more relevant than the former BI-LO brand itself.

Why BI-LO Matters to NNN Investors

BI-LO properties may still be relevant to NNN investors because former BI-LO locations can represent grocery-anchored or standalone retail real estate opportunities. Investors should focus on the property, lease structure, location, tenant replacement potential, and remaining lease term rather than relying solely on the former BI-LO brand.

For investors evaluating BI-LO real estate, common considerations include BI-LO NNN properties, BI-LO lease terms, BI-LO cap rates, and BI-LO ground lease properties. Each property should be evaluated individually based on its current tenant, lease economics, location, and long-term usability.

What Buyers and Sellers Should Evaluate

For investors evaluating a former BI-LO property or BI-LO net lease property, the investment thesis is primarily centered on real estate quality and lease fundamentals. Buyers should review the remaining lease term, rental escalations, landlord responsibilities, property location, visibility, traffic patterns, and potential for future re-tenanting.

Investors should also consider the property’s long-term cash-flow potential, tenant stability, market demand, and exit strategy. Since the BI-LO banner is no longer operating, the current tenant and future re-tenanting potential are particularly important when evaluating these properties. Investors should also evaluate the property’s current income, cap rate, building condition, parking, accessibility, and surrounding demographics. A well-located property with strong traffic, visibility, and flexible space can provide greater potential for future tenant demand and resale value.

Corporate vs. Franchise | Store Count

BI-LO operated as a regional grocery brand under Southeastern Grocers (SEG), rather than as a franchise-based banking or retail network. The company operated full-service supermarket locations across the Southeastern U.S., serving established neighborhood and suburban trade areas. For NNN and net lease investors, the ownership structure and current tenant status are important when evaluating former BI-LO properties. Investors should review the lease guarantor, current tenant, lease structure, and property-specific obligations before making an investment decision.

BI-LO Financial Snapshot

BI-LO was a regional grocery brand operated by Southeastern Grocers, alongside other grocery banners. Because BI-LO was not a standalone publicly traded company, financial information specific to the former BI-LO banner is limited. For net lease investors, the financial strength of the current tenant and lease guarantor is more important when evaluating a former BI-LO property. Investors should review lease obligations, tenant credit, rental income, and property-level fundamentals.

BI-LO Lease Types

Former BI-LO properties may be structured as NNN, NN, or other net lease arrangements, depending on the individual property and lease agreement. Lease terms can vary by property, including landlord responsibilities, rental escalations, and remaining lease term. As a result, buyers should carefully review the lease language, expense responsibilities, tenant obligations, and term remaining before underwriting and pricing a former BI-LO property.

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 BI-LO ground lease properties or fee simple BI-LO 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.

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