Domino’s NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence
Last Year Cap
6.0%
This Year Cap
6.3%
Cap Change
0.3%
Last Year Rating
BB+
This Year Rating
BB+
Rating Change
Stable
Domino’s – 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
Domino’s
Domino’s Net Lease: Secure, Essential Investment
Domino’s Pizza is a nationally recognized quick-service restaurant brand commonly found in net lease investments. This guide reviews cap rates, lease terms, tenant credit, and key due diligence considerations for buyers and sellers.
For 1031 exchange buyers, Domino’s ground lease properties are important to compare against fee simple Domino’s assets, as lease structure can materially impact pricing, financing, and long-term resale value.
Investors often target Domino’s assets for:
- Stable Income Potential
- Strong Pizza QSR Demand
- Recognized Global Brand
- Attractive 1031 Exchange Compatibility
Domino’s ground lease properties require close comparison of rent escalations, remaining lease term, extension options, and residual land value versus fee simple ownership.
Domino’s Ground Lease Properties for 1031 Exchange Buyers
Domino’s ground lease properties often trade differently than fee simple Domino’s assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversion rights to understand long-term risk and return.
Domino’s – 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 |
Domino’s Stock Price (NASDAQ:DPZ)
Domino’s Investment Market Statistics
AVERAGE SALE PRICE
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
Domino’s Investor Snapshot (Quick Facts)
Origins & Growth (Past)
- Founded as small pizza shop
- Focused on delivery-first model
- Expanded through franchising system
- Grew rapidly across U.S.
- Built global restaurant network
- Innovated with digital ordering
- Became leading pizza chain
Where Domino’s Pizza Stands Today
- Large global restaurant footprint
- Leader in pizza QSR segment
- High daily order volume
- Strong franchise-led model
- Expanding menu innovation
- Growing digital ordering platforms
- Focus on cost efficiency
Where Domino’s Pizza Stands Today
- Menu innovation focus
- Increased automation efforts
- Digital ordering growth
- Stronger customer loyalty
- Optimized store formats
- Global market expansion
- Delivery demand tailwinds
Why investors buy Domino’s NNN Properties or Domino’s ground Lease Properties?
Pros (what buyers like)
- Recognized global pizza brand
Well-known operator with long history and strong unit-level performance - Consistent, daily-use demand
Delivery and takeout drive repeat, needs-based traffic across cycles - Flexible real estate locations
Stores located in retail corridors, strip centers, and urban markets - Attractive lease structures
Long-term NNN or ground leases appeal to passive and 1031 buyers
Cons (what can bite you)
- Franchise credit variability
Most locations are franchise-operated with varying operator strength - Lease structure variability
Some deals are NN or modified NNN with landlord responsibility exposure - Flat or limited rent growth
Many leases have minimal increases or option-based bumps - Re-tenanting risk
Small-format or inline spaces may limit replacement tenants
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Domino's Pizza Net Lease
• 10–15+ years term remaining (or 8–10+ with options) • Absolute NNN or clean NNN lease structure • High-traffic retail corridor location • Strong franchise operator performance • Rent aligned with market fundamentals
02
⚠ Yellow Flags (Price Accordingly)
• NN lease with roof or structure responsibility on landlord • Flat rent with little or no bumps during primary term • Atypical store format (too small or oversized for reuse) • Non-prime location (weak traffic counts or poor ingress/egress) • Fuel/environmental exposure requiring added diligence
Find out more
Domino’s Background & History
Domino’s Pizza is a global quick-service restaurant brand best known for its network of pizza delivery and carryout locations. What began as a small pizza shop evolved into a technology-driven restaurant model focused on speed, convenience, and consistent product delivery.
Over time, the company built a nationwide and international footprint, expanding primarily through franchising. Today, customers rely on Domino’s locations for quick, affordable meals supported by efficient delivery and takeout systems that fit modern lifestyles.
As consumer preferences shifted toward convenience and digital ordering, the brand adapted through online platforms, mobile apps, and operational efficiencies designed to support high order volume and fast service times.
Why Domino’s Matters to NNN Investors
Today, Domino’s operates one of the largest pizza restaurant networks globally, serving millions of customers each day. The business model is centered on repeat demand, delivery-driven sales, and locations positioned in dense residential and retail trade areas.
Most locations are franchise-operated, which enables rapid growth but introduces variability in operator performance. In addition, the company continues to invest in digital infrastructure, delivery logistics, and menu innovation to support unit-level sales.
This focus on convenience and value-driven dining helps explain why Domino’s remains relevant across changing consumer trends. Management continues to refine store formats and operations to align with delivery demand, labor efficiency, and evolving customer expectations.
What Buyers and Sellers Should Evaluate
For investors evaluating Domino’s NNN properties, a Domino’s net lease, or a Domino’s ground lease, the investment thesis is typically centered on location quality and franchise operator strength. As a result, buyers often place greater emphasis on lease structure, guarantor strength, and site fundamentals than on brand recognition alone.
Common searches include Domino’s real estate, Domino’s cap rate, Domino’s lease term, Domino’s tenant credit, and franchise performance. Ultimately, Domino’s net lease value is driven by site-specific factors, lease economics, and how the location performs within its trade area.
As consumer habits continue to favor delivery and convenience, the strongest Domino’s locations tend to be those with consistent order volume and strong operators. Buyers and sellers should therefore evaluate each property individually, including visibility, access, surrounding population density, competition, and lease language that defines landlord responsibilities.
In addition, investors should consider long-term cash-flow durability, franchisee credit quality, and how the asset may perform across different hold periods and exit strategies.
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 Domino’s ground lease properties or fee simple Domino’s 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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