NNN Ground Leases for Sale
Own the land; let McDonald's own the building. Ground leases are net lease reduced to its purest form — absolute-net income, zero capital exposure, and the improvements reverting to you at the end.
Supply is chronically scarce: owners hold these for generations, and the marquee tenants — McDonald's, Chick-fil-A, Wawa — prefer the structure on exactly the corners nobody sells. Register criteria and we'll flag every ground lease that surfaces, on-market or off. The full structural guide covers subordination, reversion, and the underwriting.
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Ground Lease FAQs
What cap rates do ground leases trade at right now?
The tightest in net lease: McDonald's and Chick-fil-A ground leases print in the high 3s to high 4s, bank-branch ground leases in the 5s-6s, and c-store ground deals between (VERIFY current comps — we quote live per deal). You're paying for absolute-net income secured by land under someone else's building, with the improvements eventually reverting to you.
Is a ground lease safer than owning the building too?
Different, mostly safer: zero capital exposure (the tenant owns everything that can break), land as your security, and reversion upside — against which you give up depreciation (land doesn't depreciate) and accept lower going-in yields. The missing depreciation is the underappreciated tax cost; some buyers pair ground leases with depreciable deals to balance the ledger.
Who typically buys ground leases?
Wealth-preservation money: multigenerational families, trusts, and 1031 exchangers at the conservative end of their identification lists. The asset behaves like an inflation-protected bond with a land kicker — which suits buyers optimizing for durability over yield, and estates running the swap-till-you-drop playbook toward the step-up.
Ground leases trade quietly. Be the buyer who already asked.
Free buyer representation. No obligation. Reply within 24 hours.