NNN Tenant Credit Ratings

Investment grade means BBB- or higher from S&P (or Fitch), or Baa3 or higher from Moody's. Ratings appear only after we verify them against a cited source and date them; until then a tenant reads "Not yet verified". Listing counts are active listings as of November 4, 2026.

Automotive and fuel

• Caliber Collision properties
• Take 5 Oil Change properties
• AutoZone properties
• Jiffy Lube properties
• Valvoline properties
• O'Reilly Auto Parts properties
• Advance Auto Parts properties
• Mister Car Wash properties
• Club Car Wash properties
• NAPA Auto Parts properties
• Goodyear properties
• Mavis Discount Tire properties
• Murphy USA properties
• Shell properties
• Town Fair Tire properties
• Big O Tires properties
• BP properties
• Discount Tire properties
• Pep Boys properties
• QuikTrip properties
• Splash Car Wash properties
• Tire Kingdom properties
• Firestone properties
• Mavis Tires & Brakes properties
• Meineke properties
• The Goodyear Tire & Rubber Company properties
• Whistle Express Car Wash properties
• Zips Car Wash properties
• America's Tire properties
• Christian Brothers properties
• Midas properties
• Phillips 66 properties
• Sparkle Express Car Wash, Inc. properties
• Speedway properties
• Take 5 Car Wash properties
• Tires Plus properties
• Tommy's Express Car Wash properties
• WhiteWater Express Car Wash properties
• Amoco properties
• AutoNation properties
• Avis properties
• Bridgestone properties
• Budget properties
• Chevron properties
• Exxon properties
• Hertz properties
• Marathon properties
• Mobil properties
• Sinclair properties
• Sunoco properties
• Valero properties

Banks

• Chase properties
• Bank of America properties
• U.S. Bank properties
• PNC properties
• Wells Fargo properties
• Regions properties
• Truist properties
• Bank properties
• KeyBank properties
• TD Bank properties
• BMO Bank properties
• Capital One properties
• Citibank properties
• Citizens Bank properties
• Comerica properties
• Fifth Third properties
• Huntington properties
• M&T Bank properties

Big box and large retail

• Best Buy properties
• Tractor Supply properties
• Big Lots properties
• Kohl's properties
• PetSmart properties
• Planet Fitness properties
• Harbor Freight properties
• Marshalls properties
• Ross Dress for Less properties
• Sam's Club properties
• BJ's Wholesale properties
• Burlington properties
• Dick's Sporting Goods properties
• Floor & Decor properties
• Home Depot properties
• HomeGoods properties
• Lowe's properties
• Michaels properties
• Petco properties
• Target properties
• Ulta Beauty properties
• Walmart properties
• Barnes & Noble properties
• Costco properties
• Dillard's properties
• DSW properties
• Dunham's Sports properties
• Five Below properties
• Gap properties
• JCPenney properties
• Life Time properties
• Macy's properties
• Nordstrom properties
• Office Depot properties
• Old Navy properties
• Ollie's properties
• Staples properties
• The Container Store properties
• TJ Maxx properties

Convenience

• 7-Eleven properties
• Circle K properties
• Wawa properties
• Sheetz properties
• Maverik properties
• RaceTrac properties
• BP (Crescent Oil) properties
• BP Fuel / Dino Stop C-Store properties
• BP Products North America, Inc. properties
• Casey's properties
• Green Valley Grocery & Shell properties
• Kum & Go properties
• Love's properties

Dollar stores

• Dollar General properties
• Family Dollar properties
• Dollar Tree properties

Drug and pharmacy

• Walgreens properties
• CVS properties
• National Net Lease Portfolio (Walgreens, Chase Bank, Mattress Firm, Advance Auto Parts) properties

Grocery

• Aldi properties
• Sprouts properties
• Grocery Outlet properties
• Food Lion properties
• Save-A-Lot properties
• Tiny Sprouts Daycare properties
• Albertsons properties
• Amazon Fresh properties
• Giant Eagle properties
• Giant Food properties
• Hy-Vee properties
• IGA properties
• Kroger properties
• Meijer properties
• Piggly Wiggly properties
• Publix properties
• Trader Joe's properties
• Whole Foods properties
• Winn-Dixie properties

Healthcare

• Heartland Dental properties
• Fast Pace Urgent Care properties
• Fresenius properties
• Aspen Dental properties
• DaVita properties
• Charleston Urgent Care properties
• Henry Ford–GoHealth Urgent Care properties
• CAVA & Heartland Dental properties
• GoHealth Urgent Care properties
• Hometown Urgent Care (WellNow) properties
• Medical Office Tenant properties
• QuickVisit Urgent Care properties
• Urgent Care properties
• Acadia Healthcare properties
• AFC Urgent Care properties
• Ascension properties
• Athletico properties
• ATI Physical Therapy properties
• Banfield Pet Hospital properties
• BioLife Plasma properties
• CityMD properties
• Concentra properties
• CSL Plasma properties
• Encompass Health properties
• EyeCare Partners properties
• Grifols properties
• HCA Healthcare properties
• Labcorp properties
• MedExpress properties
• MyEyeDr properties
• National Vision properties
• NextCare properties
• Oak Street Health properties
• Octapharma Plasma properties
• Pacific Dental Services properties
• Quest Diagnostics properties
• Select Physical Therapy properties
• Smile Brands properties
• VCA Animal Hospitals properties
• WellNow properties

Restaurants

• Wendy's properties
• Burger King properties
• Starbucks properties
• Taco Bell properties
• Chipotle properties
• Chick-fil-A properties
• KFC properties
• McDonald's properties
• Popeyes properties
• Arby's properties
• Dunkin' properties
• Hardee's properties
• Zaxby's properties
• Bojangles properties
• Raising Cane's properties
• Sonic properties
• Whataburger properties
• Applebee's properties
• IHOP properties
• Jack in the Box properties
• Buffalo Wild Wings properties
• Dairy Queen properties
• Olive Garden properties
• Outback Steakhouse properties
• Tim Hortons properties
• Carl's Jr. properties
• Carrabba's properties
• KFC | Taco Bell properties
• Subway properties
• AT&T, Papa John's & PMA properties
• Chili's properties
• Culver's properties
• Domino's properties
• Jimmy John's properties
• KFC & Taco Bell properties
• Little Caesars properties
• Panda Express properties
• LongHorn Steakhouse properties
• Steak 'n Shake properties

Retail other

• Dutch Bros Coffee properties
• Pizza Hut properties
• Red Lobster properties
• 7 Brew properties
• KinderCare properties
• Bob Evans properties
• Express Oil Change properties
• Black Rock Coffee properties
• Sherwin-Williams properties
• Church's Chicken properties
• Denny's properties
• Mattress Firm properties
• McAlister's Deli properties
• Panera Bread properties
• Verizon properties
• El Pollo Loco properties
• Five Guys properties
• Grease Monkey properties
• Qdoba properties
• Checkers properties
• Del Taco properties
• Fazoli's properties
• Golden Corral properties
• Krispy Kreme properties
• LA Fitness properties
• Natural Grocers properties
• Rally's properties
• Red Robin properties
• Shake Shack properties
• T-Mobile properties
• Tidal Wave Auto Spa properties
• Andy's Frozen Custard properties
• Auntie Anne's properties
• Biggby Coffee properties
• Boot Barn properties
• Captain D's properties
• Enterprise properties
• FedEx properties
• Firehouse Subs properties
• In-N-Out Burger properties
• Jersey Mike's properties
• Long John Silver's properties
• ModWash properties
• Noodles & Company properties
• NTB properties
• Parachute Plasma properties
• PDQ properties
• Pennzoil properties
• Rural King properties
• Scooter's Coffee properties
• Texas Roadhouse properties
• The Human Bean properties
• Tropical Smoothie properties
• Wingstop properties
• AAMCO properties
• Academy Sports properties
• Acosta Group properties
• Anytime Fitness properties
• Applied Behavioral Analysis properties
• AT&T properties
• AT&T & Eyemart Express properties
• Avid Bioservices, Advantage Sales & Marketing, GPA Consultants properties
• Bass Pro Shops properties
• Big 5 Sporting Goods properties
• Blaze Pizza properties
• C-Store & PITA Mediterranean Street Food properties
• Cabela's properties
• Caribou Coffee properties
• Chicken and Biscuits House properties
• CiCi's Pizza properties
• Cinnabon properties
• Cook Out properties
• Cracker Barrel properties
• Crash Champions properties
• CrossAmerica Partners properties
• Crunch Fitness properties
• Earth Fare properties
• F45 Training properties
• Former Save-a-Lot properties
• Fresh Market properties
• Gadzooks Enchiladas & Soups properties
• Gerber Collision properties
• GTE Financial properties
• H&R Block properties
• Habit Burger properties
• Hampton Inn properties
• Hobby Lobby properties
• Holiday Inn Express properties
• Hungry Howie's properties
• Jamba Juice properties
• Jet's Pizza properties
• Kwik Trip properties
• Laser Specialists, Inc. properties
• Legacy Law Firm properties
• Lidl properties
• Maaco properties
• Marco's Pizza properties
• Marriott Courtyard properties
• MOD Pizza properties
• Moe's Southwest Grill properties
• Motor Shop Center properties
• National Healthcare Technology Tenant properties
• Number One Buffet properties
• NYSE (GGP) / Brookfield Property Partners (BPY) properties
• Orangetheory properties
• Papa Murphy's properties
• Peet's Coffee properties
• Pieology properties
• Pilot properties
• Portillo's properties
• Potbelly properties
• Quality Collision Group properties
• Round Table Pizza properties
• Sale-Leaseback (Retail Tenant) properties
• Sale-Leaseback Tenant properties
• Smalls Sliders properties
• Smashburger properties
• Smoothie King properties
• Swig properties
• The Fresh Market properties
• True Value properties
• Tutor Time properties
• Which Wich properties
• WinCo Foods properties
• 24 Hour Fitness properties
• Amazon properties
• AMC Theaters properties
• Apple properties
• Chuck E. Cheese properties
• Cinemark properties
• GameStop properties
• Guitar Center properties
• Microsoft properties
• Rent-A-Center properties
• Sally Beauty properties
• The UPS Store properties
• XPO Logistics properties

Disclaimer

Credit ratings are the opinions of the rating agencies, not facts or recommendations, and can change at any time. The company that signs or guarantees a lease may differ from the rated entity. Confirm the current rating and the lease obligor before investing.

Frequently asked questions

What does investment grade mean for a net lease tenant?

A tenant is investment grade when S&P or Fitch rates it BBB- or higher, or Moody's rates it Baa3 or higher. Those ratings are the agencies' opinions of the company's ability to meet its debts.

Does the rated company always back the lease?

No. The lease obligor or guarantor can be a franchisee, a subsidiary or an operating company that differs from the rated parent. Check the lease and guaranty in each offering memorandum.

Where do the ratings on this page come from?

From Net Lease World's tenant records; they may be out of date. As of November 4, 2026, 0 of 362 tenants have a rating on file; the rest show "Not rated".

How many of these tenants have properties for sale right now?

267 tenants in this directory have at least one active listing on Net Lease World as of November 4, 2026. Each row links to that tenant's page.

Can a credit rating change?

Yes. Agencies upgrade, downgrade or withdraw ratings at any time. Always confirm the current rating before you buy.

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