Investment Grade
NNN Tenant Profiles
Investment grade analysis and cap rate data for all major NNN net lease tenants. InvestmentGrade.com covers 200+ tenants across QSR, pharmacy, dollar stores, banking, industrial, and all commercial real estate sectors.
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BMO Bank (BMO Harris) Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
BMO Bank N.A. (formerly BMO Harris Bank) carries A+/A1 ratings — high-grade investment grade backed by Bank of Montreal. ~500 US branches in Midwest and Sun Belt. 4.25–5.50% NNN cap rates. Q1 2026 investor guide.
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Sinclair Oil Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Sinclair Oil / HF Sinclair BBB-/Baa3 investment grade NNN analysis. ~1,500 US branded sites, 5.75-6.75% cap rates, Rocky Mountain concentration. Q1 2026 investor guide.
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Shell / Jiffy Lube Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Shell A+/Aa2 investment grade NNN analysis. ~13,000 US Shell branded sites, Jiffy Lube 2,000+ franchisee locations. 5.0-6.5% cap rates. Critical guarantee structure notes. Q1 2026.
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Phillips 66 Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Phillips 66 BBB+/A3 investment grade NNN analysis. ~7,000 US branded sites across Phillips 66, Conoco, and 76 brands. 5.25-6.25% cap rates. Q1 2026 investor guide.
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Pep Boys Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Pep Boys non-investment grade / high yield analysis. Parent Icahn Enterprises downgraded B1 by Moody’s May 2025. ~900 locations, 7.5-9.0% cap rates. Q1 2026 investor guide.
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NAPA Auto Parts Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
NAPA Auto Parts / Genuine Parts Company BBB/Baa1 investment grade NNN analysis. ~6,000 US locations, 5.75-6.75% cap rates, corporate and independent operator lease structures. Q1 2026.
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Marathon / Speedway Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Marathon Petroleum BBB/Baa2 investment grade NNN analysis. Important: Speedway sold to 7-Eleven in 2021. Marathon-branded dealer sites and corporate NNN lease analysis. Q1 2026.
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Hertz Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Hertz B/B2 negative outlook credit rating analysis. Prior bankruptcy, continued credit deterioration. NNN cap rates 8-10%+. High-risk tenant analysis Q1 2026.
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Exxon / Mobil Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
ExxonMobil AA-/Aa2 rated NNN cap rate analysis. ~11,000 US Exxon and Mobil branded sites, 5.0-6.0% cap rates, high-grade credit. NNN and ground lease investor guide Q1 2026.
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Chevron Credit Rating & NNN Cap Rate
21st April 2026 | by the Investment Grade Team
Chevron AA-/Aa2 rated NNN cap rate analysis. ~7,500 US branded sites, 5.0-6.0% cap rates, high-grade credit. NNN and ground lease investor guide Q1 2026.
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