NNN Property Brands

​Wendy’s NNNs typically sell from $2.25 million to $4 million, with average cap rates ranging from 4.0% to 5.5%. Most locations are operated by franchisees under long-term absolute NNN leases, often spanning 15 to 20 years with built-in rent escalations of 7.5% to 10% every 5 years.

Burger King NNNs typically sell from $1.3 million to $2.8 million, with an average cap rate of 5.75% to 6.5%. Roughly 99% of Burger King restaurants are operated by franchisees. Lease terms up to 20 years. Not all leases are corporate-guaranteed absolute NNN leases.

​Dollar General NNNs typically sell from $1.5 million to $2.5 million, with average cap rates ranging from 6.25% to 7.5%. Leases are corporate-guaranteed absolute NNN, with new lease terms of 15 years, frequently featuring 5% rental increases every 5 years. As of April 2025 Dollar General operates over 20,000 stores

Car wash NNNs typically sell from $2 million to $6 million, with an average cap rate of 6.25% to 7.5%. The majority are operated by regional or national franchisees, though some are corporate-owned. Lease terms generally range from 15 to 20 years, often with built-in rent escalations. Not all leases