Jimmy John NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Last Year Cap

6.1%

This Year Cap

6.3%

Cap Change

0.2%

Last Year Rating

B+

This Year Rating

B+

Rating Change

No change

Jimmy John'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

Jimmy John's

Cap Rates NNN
Last Year 6.1%
This Year 6.3%
Change 0.2%
S&P Rating CREDIT
Last Year B+
This Year B+
Change No change

Jimmy John's Net Lease: Secure, Essential Investment

Jimmy John’s is a nationally recognized quick-service restaurant tenant in the net lease market. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, Jimmy John’s Ground Lease Properties are important to compare against fee simple Jimmy John’s assets, as lease structure can materially impact pricing, financing, and long-term resale value.

Investors often target Jimmy John’s assets for:

  • Consistent Quick-Service Restaurant Demand
  • National Sandwich Brand Recognition
  • Franchise-Based Growth Model
  • Attractive 1031 Exchange Compatibility

Jimmy John’s Ground Lease Properties require close comparison of rent escalations, remaining lease term, franchisee strength, extension options, and residual land value versus fee simple ownership.

Jimmy John’s Ground Lease Properties for 1031 Exchange Buyers

Jimmy John’s Ground Lease Properties often trade differently than fee simple Jimmy John’s assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, franchise guarantees, landlord responsibilities, and reversion rights to understand long-term risk and return.

Jimmy John'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
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Jimmy John's Investment Market Statistics

AVERAGE SALE PRICE

$2,800,000

BUILDING SIZE

1,200 – 2,500 SF

AVERAGE NOI

$175,000

LAND

0.30 – 1.20 acres

$/SF RANGE

$350 – $750

LEASE TERM SHOWN

15 years

Jimmy John's Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded in 1983 in Illinois
  • Expanded nationwide through franchising
  • Built a large quick-service sandwich restaurant network
  • Strong presence in urban and suburban retail markets
  • Adopted online and mobile ordering technology
  • Became a leading U.S. sandwich chain
 

Where Jimmy John’s Stands Today

  • Extensive U.S. restaurant footprint
  • Leading quick-service sandwich chain
  • High daily carryout and delivery order volume
  • Primarily franchise-operated restaurant locations
  • Expanding digital and mobile ordering platforms
  • Focus on operational efficiency and cost control

 

Where Jimmy John’s Stands Today

  • Increased adoption of digital and mobile ordering
  • Continued focus on automation and operational efficiency
  • Growth in app-based and online ordering platforms
  • Strong customer engagement through loyalty programs
  • Optimizing restaurant operations and delivery systems
  • Focus on core sandwich and delivery business
  • Benefiting from continued demand in quick-service dining

Why investors buy Jimmy John's NNN Properties or Jimmy John's ground Lease Properties?

Pros (what buyers like)

  • Nationally recognized sandwich brand
    Strong consumer awareness and established national footprint
  • Consistent quick-service restaurant demand
    Convenience-focused dining supports repeat customer traffic
  • Strong delivery-oriented business model
    Brand is well known for fast delivery and carryout service
  • Attractive lease structures
    Long-term NNN or ground leases appeal to passive and 1031 exchange buyers
  • High-visibility retail locations
    Many sites are positioned along major retail corridors and signalized intersections

Cons (what can bite you)

  • Franchisee credit variability
    Many locations are franchise-operated, making operator quality important
  • Lease structure variability
    Some assets are NN or modified NNN with landlord responsibilities
  • Limited rent growth
    Certain leases include flat rent periods or minimal escalations
  • Competitive sandwich restaurant market
    Faces strong competition from national and regional QSR brands
  • Re-tenanting challenges
    Smaller sandwich-specific layouts may require modifications for future tenants

Find out more

Jimmy John's Background & History

Jimmy John’s is a nationally recognized quick-service sandwich restaurant brand best known for its delivery-focused business model, fast service, and neighborhood retail presence across the United States. What began as a small sandwich shop in Illinois evolved into one of the leading sandwich chains in the quick-service restaurant industry.

Over time, the company expanded through franchising, building a broad footprint across suburban, urban, and college-area retail markets. In addition to traditional carryout operations, the brand has continued investing in digital ordering platforms, delivery infrastructure, and operational efficiencies designed to support convenience-focused dining trends.

Today, customers rely on Jimmy John’s locations for fast delivery, carryout service, and online ordering, supported by strong brand recognition and a large franchise network.

Why Jimmy John’s Matters to NNN Investors

Jimmy John’s operates thousands of restaurant locations nationwide through a convenience-oriented quick-service model centered on sandwich delivery and carryout demand. The business benefits from repeat customer traffic, strong brand awareness, and locations positioned within dense residential areas, retail corridors, and urban trade markets.

Many Jimmy John’s locations are situated within neighborhood shopping centers, end-cap retail spaces, and high-traffic commercial corridors that help support visibility and customer access. In addition, the company continues investing in digital ordering systems, operational improvements, and delivery-focused efficiencies to enhance customer convenience and performance.

This focus on speed, convenience, and off-premise dining helps explain why Jimmy John’s remains relevant as consumer preferences continue shifting toward online ordering and delivery-driven restaurant models.

What Buyers and Sellers Should Evaluate

For investors evaluating Jimmy John’s NNN properties, a Jimmy John’s net lease, or a Jimmy John’s ground lease, the investment thesis is typically centered on franchisee strength, real estate quality, and long-term store performance. As a result, buyers often place significant emphasis on lease structure, operator credit quality, site fundamentals, and trade area demographics in addition to overall brand recognition.

Common searches include Jimmy John’s real estate, Jimmy John’s cap rate, Jimmy John’s lease term, Jimmy John’s tenant credit, and restaurant performance. Ultimately, Jimmy John’s net lease value is driven by site-specific factors, lease economics, franchisee operating strength, and how the location performs within its surrounding retail corridor.

As quick-service restaurant competition and consumer dining habits continue evolving, the strongest Jimmy John’s locations tend to be those with strong visibility, convenient access, healthy demographics, and stable customer demand. Buyers and sellers should evaluate each property individually, including traffic counts, ingress and egress, nearby competition, surrounding population density, and lease language that defines landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, franchisee operating history, local market competition, 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 Jimmy John’s ground lease properties or fee simple Jimmy John’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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