NNN Jersey Mike's for Sale

In the competitive landscape of commercial real estate, investors are constantly searching for stable, passive-income opportunities with long-term upside. One increasingly popular asset class is NNN Jersey Mike’s for sale. This property type offers predictable income, minimal landlord responsibilities, and the backing of a nationally recognized and fast-growing franchise sandwich chain.

Whether you’re executing a 1031 exchange or seeking a low-maintenance addition to your portfolio, investing in a Jersey Mike’s triple net property can be a savory choice. This article explores why these assets are gaining traction and what to look for when buying.

What is a NNN Jersey Mike's Lease?

A NNN lease, or triple net lease, is a lease structure in which the tenant is responsible for three key property-related expenses:

Net Taxes
Net Insurance
Net Maintenance

This means the landlord collects rent without having to worry about property upkeep, tax bills, or insurance costs. For investors, this creates a highly passive cash flow, often secured by long-term leases (10–15 years) with built-in rent escalations.

When you pair this lease structure with a Jersey Mike’s trade area, you benefit from a tenant with a strong brand, national footprint, and solid unit-level economics.

Why Investors Love Jersey Mike’s

Jersey Mike’s Subs, founded in 1956, has grown into one of the top-performing sandwich franchises in the U.S. With over 2,700 locations nationwide and continued plans for expansion, the brand enjoys:

Strong brand recognition
Rapid unit growth
High average unit volume (AUV) compared to other QSR brands
Franchisee commitment (most locations are operated by multi-unit franchisees)

This translates into real estate investment stability. Many NNN Jersey Mike’s for sale are brand new with drive-thrus in well-located areas and offer long-term leases with corporate or franchise-backed guarantees.

Key Benefits of Buying a Jersey Mike’s NNN Property

1. Passive Income Stream
Triple net leases are attractive to investors seeking mailbox money. Jersey Mike’s NNN leases often come with 10–15-year terms and options to extend. Rent escalations are typically built into the lease, providing an inflation hedge.

2. Creditworthy Franchisee Base
Although most Jersey Mike’s are franchised, many franchisees are private equity firms like Blackstone in New York, with excellent credit and operational history. In some cases, the lease may be personally guaranteed or backed by a larger franchise entity, reducing tenant risk.

3. Attractive Price Point
Unlike high-ticket tenants like McDonald’s or Chick-fil-A, Jersey Mike’s properties are often priced in the $1.5M–$3M range, making them accessible to a wider range of investors—including those completing 1031 exchanges.

4. Essential Service Tenant
Jersey Mike’s is in the fast-casual dining sector, which has proven resilient in economic downturns. Food-service tenants with takeout and delivery infrastructure, like Jersey Mike’s, performed well during the pandemic and continue to thrive.

Typical Deal Structure

Most NNN Jersey Mike’s for sale feature the following:

Lease Term: 10–15 years with renewal options
Rent Increases: 7–10% every 5 years or CPI-based escalations
Tenant Type: Franchisee-backed lease, sometimes with a personal or corporate guarantee
Cap Rate: Typically between 5.50% and 6.50%, depending on location, tenant strength, and lease term
Building Size: 1,200–1,800 square feet
Lot Size: 0.3–0.7 acres
Location: Often outparcels to shopping centers or located on busy retail corridors with strong demographics

What to Look for When Evaluating a Jersey Mike’s Property

1) Franchisee Strength
Research the operator. Multi-unit franchisees with solid credit and a successful track record are more desirable. Ask for financials if available.

2) Lease Terms
Confirm it’s a true NNN lease (some may be NN, modified gross or a ground lease). Review escalation clauses and renewal options.

3) Location Quality
Proximity to schools, major roadways, or dense residential areas is ideal. The best locations are outparcels in high-traffic retail centers near high schools or near anchor tenants like Target, Walmart, Chipotle, Starbucks, and even Subway.

4) Exit Strategy
Favor leases with more than 8 years remaining or leases with demonstrated renewal history. Also consider the property’s re-lease potential in the event the tenant vacates.

Who Should Consider a Jersey Mike’s NNN Investment?

1031 Exchange Investors looking for high-quality, low-maintenance fast food replacement properties

Retirees seeking stable income with minimal management

High-net-worth individuals wanting to diversify into real estate, fast food

Private equity or family offices building portfolios of NNN food-service assets

To locate available NNN Jersey Mike’s for sale, consider:

Working with a buyer’s broker who specializes in NNN properties

Using online marketplaces such as Crexi, LoopNet, or TripleNetCompanies.com

Connecting directly with developers or franchise groups planning new builds

Subscribing to off-market listing alerts, especially from brokers with developer relationships

Having a broker with exclusive buyer representation can often give you early access to deals before they’re widely marketed.

Final Thoughts

Jersey Mike’s triple net lease properties combine the best of both worlds: a high-performing fast food brand in a recession-resistant sector and a lease structure designed for hands-off income. With attractive pricing, strong tenant fundamentals, and national growth, NNN Jersey Mike’s for sale represent a compelling investment for buyers seeking reliable returns and long-term stability.

Before purchasing, do your due diligence on the franchisee, location, and lease terms. When done right, a Jersey Mike’s NNN property can be the bread-and-butter asset your portfolio needs.

Questions about NNN Properties for Sale?

Choosing Triple Net Companies, Inc. means choosing a partner with decades of exclusive buyer representation, a proven track record, and access to the best properties and financing options.