Food Lion NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks Food Lion net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the Food Lion credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

Food Lion NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant Food Lion properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Showing the 7 most recently listed of 8 observed listings; listings without a published asking price and cap rate are not shown here.

Search all 8 Food Lion properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

Every Food Lion store is company-operated by Food Lion, LLC, a subsidiary of Ahold Delhaize USA. There is no franchise layer, so the entity on the lease is the same one running the store, and store-level operator risk drops out of the analysis. The nuance sits at the entity level. Most leases are signed by Food Lion, LLC, and a guaranty from Delhaize America or the Dutch parent is not automatic. Two Food Lion listings can therefore carry the same brand and different credit: one backed by a subsidiary balance sheet alone, the other by a broader guaranty. Read the signature page and any guaranty before pricing the rating.

The typical Food Lion is a 35,000 to 50,000-square-foot supermarket, either anchoring a neighborhood center or freestanding on its own parcel, across the Southeast and Mid-Atlantic. Initial terms run long, usually fifteen to twenty-five years, and ground leases are common because the chain often built on leased land. Escalations tend to be infrequent, with flat stretches and periodic bumps rather than annual increases, and many older leases are flat through the primary term. Lease type is usually NNN, but roof and structure sometimes stay with the landlord on older shopping center leases. Many stores have been remodeled recently under the chain’s market-by-market refresh program.

Across the current inventory, roughly 0% of listings with a reported build year were delivered in the last four years, and about 13% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

Food Lion Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the Food Lion inventory runs from 6.50% to 7.21%, against a median of 7.00%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where Food Lion NNN Properties Are For Sale

Current inventory spans 5 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

Food Lion as a 1031 Exchange Replacement Property

The median asking price in the current Food Lion inventory is $3.78M, and about 25% of listings fall in the middle of the market between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace.

• Identify from the live list, not a stale one. Listings move. Identify two or three specific properties under the three-property rule and keep a backup that is realistically still available.
• Debt replacement is the trap. If the relinquished property carried a mortgage, you must replace that debt or add cash to fully defer gain. Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage. Run your own debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, prioritize term and options over 25 basis points of cap rate.
• Certainty of closing matters more than price. A clean estoppel, a current lease and no pending relocation are worth paying for on a 45-day clock.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

Food Lion NNN Due Diligence Checklist

These are the items that change the value of a Food Lion listing and are rarely resolved by the offering memorandum.

• Lease signatory and guaranty. Identify whether the tenant is Food Lion, LLC alone or whether Delhaize America or another Ahold Delhaize entity guarantees the lease. The name on the guaranty, not the brand on the building, sets the credit you are buying.
• Ground lease versus fee simple. Many Food Lion sites sit on ground leases, so you may be buying land under a tenant-owned building or improvements on someone else’s land. Confirm which position is for sale and how reversion works at expiration.
• Roof and structure on older leases. Older shopping center and freestanding leases often leave roof, structure and parking lot replacement with the landlord. A 40,000-square-foot roof is a six-figure item, so read the maintenance clause rather than the listing headline.
• Go-dark rights and grocery backfill. Check whether Food Lion may go dark while continuing to pay rent, and whether exclusive use or radius clauses apply. A dark grocery box of this size has few backfill candidates outside another grocer, and re-tenanting takes time.

How Investment Grade Works With Food Lion Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a Food Lion acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On most transactions there is no separate fee to the buyer because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing Food Lion properties can use this page as a valuation benchmark. If you are weighing a sale, an off-market disposition to a qualified 1031 buyer often closes faster and with less retrading than a broad marketing process.

Frequently Asked Questions

• Food Lion Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings