We exclusively represent buyers
NNN Publix for Sale
Publix is the largest employee-owned company in the U.S., with about 260,000 associates and 1,450 stores across eight Southeastern states. It is privately held, we found no S&P rating for it, and neither The Boulder Group nor Matthews covers it, so we do not quote cap rates or lease terms here. What we can show is how the company is performing and what to check on any Publix lease.
Employee-owned
Ownership
1,450
Stores (November 2026)
~260,000
Associates
$47.4B
Sales, first nine months of 2026
8
Southeastern states
1,432
Stores at end of 2025
Sources: Publix third quarter 2026 results, November 2, 2026; Publix 2025 Form 10-K (year-end store count). Neither The Boulder Group (September 2026) nor Matthews (2026) covers Publix.
Key Takeaways
Tenant & Credit Profile
Publix is the largest employee-owned company in the U.S., with about 260,000 associates and 1,450 stores in eight Southeastern states (Publix, November 2, 2026). Its stock is not publicly traded, and we found no S&P rating.
Self-Funded Growth
Publix’s annual report says it has met its cash requirements without debt financing, and that its corporate offices, primary distribution centers and manufacturing facilities are owned with no outstanding debt (2025 Form 10-K).
No Report Benchmarks
Neither The Boulder Group’s September 2026 profiles nor Matthews’ 2026 report covers Publix (Boulder profiles Kroger, Albertsons and Whole Foods Market instead), so we are not quoting cap rates or lease terms.
Sales Have Flattened
Third-quarter 2026 sales were $15.5 billion, up 1%, while comparable store sales fell 0.6%. Publix cited Medicare drug price changes and consumer spending (Publix).
Publix NNN Lease and Pricing Data
If you’re weighing a Publix property, the same three things shape what you’ll earn: who the tenant is, how the lease is structured, and what yield you’re paying for. Here is what we can and cannot support with sourced data.
On the tenant, Publix is employee-owned and privately held, and we found no S&P rating for it. It reported $47.4 billion in sales for the first nine months of 2026, up 1.4%, and operates 1,450 stores.1 Its annual report says it has funded its cash needs without debt financing.2
On the lease and the yield, there is nothing sourced to show. Neither Boulder nor Matthews includes Publix, so we do not quote cap rates, rent increases, lease terms or sale prices, and we do not estimate them. Ask our team for comparable sales, and ask for the lease, the rent schedule, the remaining term and the tenant entity on any property.
Performance matters too, because it supports the rent. Third-quarter comparable store sales fell 0.6%, and net earnings excluding unrealized gains on equity securities fell 7.3% to $908 million.3
1. Publix Super Markets, Inc., Form 8-K, third quarter 2026 results, November 2, 2026. Nine-month sales of $47.4 billion versus $46.8 billion in 2025; 1,450 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky. ↩
2. Publix Super Markets, Inc., Form 10-K, fiscal year ended December 27, 2025. ↩
3. Publix third quarter 2026 results: comparable store sales down 0.6%; net earnings excluding the impact of net unrealized gains on equity securities of $908 million versus $980 million in 2025. ↩
Publix as a Tenant
How Publix operates
Publix is based in Lakeland, Florida, and operates 1,450 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky, with about 260,000 associates (Publix). It describes itself as the largest employee-owned company in the U.S.
Its stock is not publicly traded and is available for sale only to current associates and members of its board of directors, with the price set by the board (Publix; 2025 Form 10-K). Effective November 1, 2026, the price fell from $19.60 to $18.70 per share, about 4.6% by our math.
At the end of 2025, Publix operated 1,432 supermarkets, after opening 52 new stores (13 of them replacements) and remodeling 89 (2025 Form 10-K). The November 2026 count of 1,450 is 18 higher by our math.
Financial strength and growth
Third-quarter 2026 sales were $15.5 billion, up 1% from $15.4 billion a year earlier, and comparable store sales fell 0.6%. Publix said the Medicare maximum fair price change on 10 drugs lowered sales, and that economic conditions weighed on consumer spending (Publix).
Earnings were mixed. Excluding unrealized gains on equity securities, third-quarter net earnings fell 7.3% to $908 million, and nine-month net earnings fell 2.8% to $3.1 billion (Publix).
Publix has not needed outside debt. Its annual report says it met its cash requirements without debt financing and owns its corporate offices, primary distribution centers and manufacturing facilities with no outstanding debt (2025 Form 10-K).
Why Investors Buy Publix Properties
Publix is a large, employee-owned grocer with 1,450 stores and about 260,000 associates, and it has funded its own growth without debt financing (Publix; 2025 Form 10-K).
Because we have no sourced rating, lease terms or cap rates, the case for a Publix property rests on the specific store and lease: its sales, the remaining term, the rent and who the tenant entity is. Neither Boulder nor Matthews covers Publix, so ask our team for comparable sales rather than relying on a brand average.
Publix is still adding stores: 1,450 in November 2026 versus 1,432 at the end of 2025 (Publix; 2025 Form 10-K).
Risks and Market Conditions
Sales growth has stalled. Comparable store sales fell 0.6% in the third quarter of 2026 and 0.4% for the first nine months, and net earnings excluding unrealized gains fell 7.3% in the quarter (Publix).
Publix operates in a competitive industry and a seasonal Florida market, according to its annual report (2025 Form 10-K), and its results have been affected by hurricanes, including Hurricane Helene in September 2024 (BusinessWire). When you evaluate a specific store, look at its location and sales as well as the tenant.
Build a Diversified NNN Portfolio
Pairing a Publix with other net-lease brands spreads risk across tenants, industries and markets. Compare other brands we help buyers acquire:
Publix NNN FAQs
Is Publix publicly traded or rated?
Publix is employee-owned and its stock is not publicly traded; it is available only to current associates and board members. We found no S&P rating for the company, and its annual report says it has met its cash requirements without debt financing (Publix; 2025 Form 10-K).
What cap rate do Publix properties trade at?
Neither The Boulder Group’s September 2026 profiles nor Matthews’ 2026 report covers Publix, so we do not quote a cap rate range. Ask our team for recent comparable sales.
How many Publix stores are there?
Publix operated 1,450 stores in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky as of its November 2, 2026 earnings release, up from 1,432 at the end of 2025 (Publix; 2025 Form 10-K).
What are the main risks?
Comparable store sales and earnings have softened in 2026, the Southeast is exposed to hurricanes, and there are no report benchmarks for pricing. Review the specific store’s sales, remaining lease term and tenant entity.
Questions about NNN Publix 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.
Contact us today to learn more about how we can help you achieve your investment goals.
Contact Our Team →Disclaimer
Market data, cap rates, and tenant statistics on this page come from third-party reports and company disclosures, cited in the footnotes. We believe these sources are reliable but do not guarantee their accuracy or completeness. Figures reflect the date of each source and change with market conditions, so verify current numbers before relying on them.