Long-term corporate leases with one of the strongest grocers in America, and what to check on a single-tenant Publix or Publix-anchored center.
A Publix net lease property is either a single-tenant Publix supermarket or, more often, a Publix-anchored shopping center, with Publix on a long-term corporate lease, typically 20 years with multiple renewal options. Publix is the largest employee-owned company in the U.S. and one of the country’s largest grocers, with more than 1,440 stores in eight Southeastern states and over $60 billion in annual sales. Grocery is need-based retail that holds up in good times and bad, and Publix anchors drive daily traffic to the shops around them. With price points of about $7 million to $20 million and up, Publix properties suit larger 1031 exchanges.
Solid Investments FL is a NNN buyer’s brokerage headquartered in Lakewood Ranch (Sarasota), FL, in the heart of Publix’s home market, with 21+ years in net lease and 225+ transactions. We help buyers find, underwrite and close Publix and Publix-anchored properties, and our buyer representation is always free to you.
| Tenant | Publix Super Markets, Inc. (corporate); confirm the tenant on each lease |
|---|---|
| Headquarters | Lakeland, Florida |
| Ownership & credit | Employee-owned and privately held; no public credit rating, but a very strong balance sheet |
| Stores | 1,440+ in Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky |
| Sales | Over $60 billion annually |
| Typical lease term | 20 years with multiple 5-year options |
| Lease type | Typically NNN; single-tenant stores, ground leases and anchored centers all trade. Confirm landlord roof and structure obligations |
| Rent increases | Varies; many Publix leases have flat base rent with increases in the renewal options |
| Typical cap rate (2026) | About 4.5%–5.5% for single-tenant Publix |
| Typical price range | About $7M–$20M; anchored centers higher |
Store count and sales as of 2026 (Publix Q2 2026 report). Cap rates and pricing reflect current market conditions and vary by deal.
A single-tenant Publix is simpler and more passive. A Publix-anchored center adds shop tenants, more income and more management. Know which you’re underwriting, since the risk, returns and landlord work are very different.
Many Publix leases have flat rent during the base term, with increases only in the options. That makes the purchase price and the cap rate you lock in especially important.
Read the lease for roof, structure and parking lot obligations, and in a center, how common-area costs are shared and reimbursed.
Publix has no public credit rating, but it is consistently profitable and conservatively run. Investors underwrite its size, history and store performance.
Look at the store’s age, the trade area’s growth and nearby competition. Publix often relocates to bigger, newer stores, so a strong, modern location matters.
With a 20-year base term and multiple options, Publix leases are long, but check exactly how many years remain and when the next option comes due.
Solid Investments FL is a NNN buyer's brokerage headquartered in Lakewood Ranch (Sarasota), FL, with 21+ years in net lease and 225+ transactions. We help investors and 1031 exchange buyers find, underwrite and close Publix and Publix-anchored properties, and our buyer representation is free.
As of 2026, single-tenant Publix properties generally trade between about 4.5% and 5.5% cap rates, depending on the lease term, rent, store age and market. Publix-anchored shopping centers are priced on the whole center's income and risk.
No. Publix is employee-owned and privately held, and it does not have a public credit rating from S&P or Moody's. Investors rely on its size, consistent profitability and conservative balance sheet.
New Publix leases typically run 20 years with multiple 5-year renewal options. Many have flat rent during the base term, with increases in the option periods.
Single-tenant Publix properties typically sell for about $7 million to $20 million. Publix-anchored shopping centers often sell for more, depending on size and the other tenants.
Publix has more than 1,440 stores in eight Southeastern states: Florida, Georgia, Alabama, Tennessee, South Carolina, North Carolina, Virginia and Kentucky.
If you buy it fee simple, yes: the building and site improvements can be depreciated, and a cost segregation study can accelerate part of that. With a ground lease you own only the land, which is not depreciable. Confirm with your CPA.
General information only, not investment, tax or legal advice. Credit ratings and market data change; verify current figures before investing.
Tell us your budget and timeline. We’ll show you on- and off-market Publix options, and our buyer representation is completely free.
📞 954-296-6955 | 11015 Gatewood Dr Suite 102, Lakewood Ranch, FL 34211