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
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
BUILDING SIZE
AVERAGE NOI
LAND
$/SF RANGE
LEASE TERM SHOWN
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
Investor Decision Framework (Buy / Hold / Sell)
✓ Strong “Buy Box” for a Jimmy John's Net Lease
• 10–15+ years remaining lease term (or shorter term with strong renewal options) • Absolute NNN or clean NNN lease structure • High-visibility retail corridor or signalized intersection location • Strong carryout and delivery trade area demographics • Rent aligned with market sales performance, supporting resale and re-tenanting
02
⚠ Yellow Flags (Price Accordingly)
• NN or modified NNN lease with landlord responsible for roof or structure • Flat rent structure with limited or no rent escalations • Older or outdated store prototype with re-tenanting challenges • Non-prime retail location with weak visibility or access • Franchisee operational risk or weaker store sales performance
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.