Looking to buy a Food Lion NNN property? 2 are observed for sale across 2 states, median asking cap rate 6.63%. View Food Lion NNN properties for sale, cap rate bands and the 1031 buyer guide.
| Metric | Details |
|---|---|
| Company | Food Lion, LLC, Salisbury, North Carolina; a U.S. brand of Ahold Delhaize |
| S&P / Moody’s | BBB+ / Baa1 (Stable) |
| Investment grade status | Parent Rated Investment Grade (Ahold Delhaize N.V.); confirm the lease guarantor |
| Markets | Delaware, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia |
| Rated parent | Koninklijke Ahold Delhaize N.V. |
| Median asking cap rate | See the live table below |
Food Lion Business Overview
Food Lion is a supermarket chain based in Salisbury, North Carolina, and one of the U.S. brands of Ahold Delhaize. It operated 1,110 stores at the end of 2025 (Ahold Delhaize 2025 annual report, financial year ended December 28, 2025) in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. It does not operate in Florida or New Jersey.
Food Lion Credit Profile
In our ratings database, Food Lion’s parent, Koninklijke Ahold Delhaize N.V., is rated BBB+/Baa1, which is investment grade. That rating belongs to the parent. A Food Lion lease may be signed by Food Lion, LLC or another subsidiary, so confirm the tenant and whether Ahold Delhaize or another rated entity guarantees the lease.
Ratings come from our tenant ratings database, which records the agency source and date for each rating. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: S&P Global Ratings BBB+, as of March 10, 2023; Moody’s Baa1, Stable, as of December 28, 2025. Ratings checked October 8, 2026.
Food Lion NNN Cap Rates
Live asking cap rates for Food Lion and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Kroger | BBB / Baa1 | 5.00% | 5.00% to 5.25% | 9 | −24 bps |
| Walmart | AA / Aa2 | 5.13% | 4.44% to 5.81% | 6 | −12 bps |
| Aldi / Trader Joe's | n/a / n/a | 5.28% | 4.69% to 5.50% | 16 | +4 bps |
| Dollar General | BBB / Baa3 | 7.00% | 6.60% to 7.75% | 533 | +176 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 12, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Food Lion.
Single-tenant Food Lion listings InvestmentGrade.com currently tracks that pass our net lease screen: 2. The live table shows a tenant only when at least three of its listings have a published asking cap rate. With few listings, compare a property with other single-tenant grocery listings with similar terms.
What to Check in a Food Lion Lease
- Tenant and guarantor: which entity signs the lease and whether a rated parent guarantees it.
- Term and rent: remaining term, renewal options and the rent schedule; rent increases vary by lease.
- Store performance: sales and rent relative to sales, where available.
- Co-tenancy and center role: whether the grocer anchors the center and what co-tenancy rights other tenants have.
- Re-use: demand from other grocers, discounters, fitness and medical users for the box.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Investment grade rated parent | Parent rating applies only if the parent guarantees |
| Large grocery network across 10 states | Pricing comparisons are harder when few single-tenant Food Lion listings are available; see the live count above |
| Grocery format selling everyday necessities | Grocery boxes can be costly to re-tenant |
Frequently Asked Questions
Is Food Lion investment grade?
Its parent, Ahold Delhaize, is rated BBB+/Baa1 in our ratings database. Confirm whether the parent or a rated entity guarantees a specific Food Lion lease.
Which states does Food Lion operate in?
Delaware, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.
Who owns Food Lion?
Ahold Delhaize, the Dutch-Belgian food retail group.
Sources: Ahold Delhaize and Food Lion company reporting; ratings from InvestmentGrade.com’s ratings database.
Food Lion Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Food Lion properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Food Lion NNN Properties Observed For Sale
2 active Food Lion net lease listings observed across public listing sources, most recently Oct 9, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Lynchburg, VA | $3,980,000 | 6.75% | 29,640 | 4.2 yrs | View listing |
| Waycross, GA | $3,580,000 | 6.50% | 34,546 | 4.6 yrs | View listing |
Search all 2 observed Food Lion listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
