01
Read
Portfolio Capital Analysis: indicative value, implied equity, occupancy-cost delta, three scenarios. 48 hours, confidential.
Real estate capital advisory for multi-unit operators
Your buildings are the cheapest capital you will ever raise.
American Net Lease helps operators with 10–60 locations sell the real estate under their businesses, lease it back on their own terms, and redeploy the equity into growth — then places the property with a 3,000+ investor buyer list that closes on time.
Confidential · delivered within 48 hours of a complete submission · no listing required
What your locations might trade for
Indicative range from our net-lease book
Indicative result
—
No published band yet for this sector — enter a cap rate
From our book · trailing 12 mo
5.50% – 6.25% QSR · franchisee guarantee · n=65
— Car wash · n=—
American Net Lease, LLC · FL Broker BK3592809 · CQ1069258
Author, The Net Lease Playbook
Host, Net Lease Industry Show
$500M+ closed
3,000+ investor buyer list
How it works
One firm, both sides of the trade.
We read your portfolio, structure the lease you can live with, and market the property to investors we already know. The seller never meets a stranger's spreadsheet.
02
Structure
Term, renewals, escalations, assignment rights — written before the property is ever marketed. The lease is the product; you author it.
03
Market & close
Off-market to a buyer list that already wants your sector, scored and matched the same day. Then a transaction desk that watches every date.
Who this is for
Operators who own the dirt under a business that works.
Restaurants Car washes Auto shops Convenience stores Dental practice Veterinary clinic Medical Childcare Industrial
Restaurants & QSR franchisees
Development schedules and brand remodels, funded from the stores you already own.
What your stores trade for →Car wash
2021-vintage construction debt maturing into today's rates. The tunnel is worth more than the loan says.
What your wash trades for →Auto service & collision
Recapitalize before the rollups arrive; buy the shop down the street with your own equity.
What your shops trade for →Convenience & fuel
Absolute-NNN structures that keep environmental responsibility exactly where it is today.
What your sites trade for →Dental
The part of a practice sale a DSO often will not buy — the building, on a lease you write.
What your practice building trades for →Veterinary
Before the consolidator calls — or after, when you are a landlord to one corporate tenant.
What your clinic trades for →Medical
Urgent-care and specialty boxes priced as medical net lease, with a lease the operator authors.
What your medical building trades for →Childcare
Purpose-built centers where licensing and the lease — not a brochure cap rate — set the bid.
What your center trades for →Industrial
Owner-occupied warehouses and light manufacturing — sell the box, keep the operation.
What your building trades for →From our book, not a brochure
Cap-rate bands by sector and guarantee.
Refreshed weekly from closed and marketed single-tenant sales tracked in our internal system. Sample sizes shown; cells under five sales are withheld.
Read the methodology →QSR5.50% – 6.25%
Car wash—
Auto service6.00% – 6.25%
Convenience & fuel—
Dollar / discount—
Medical / dental—
| Sector | Franchisee / operator | Corporate | n |
|---|---|---|---|
| QSR | 5.50% – 6.25% | 4.70% – 5.84% | 65 |
| Car wash | — | — | — |
| Auto service | 6.00% – 6.25% | 5.35% – 6.25% | 5 |
| Convenience & fuel | — | 4.84% – 5.16% | 56 |
| Dollar / discount | — | 6.43% – 7.11% | 34 |
| Medical / dental | — | — | — |
Trailing 12 months · as of September 11, 2026 · source: American Net Lease internal transaction book. Cells with fewer than five sales are withheld.
The honest comparison
Sale-leaseback or refinance?
A refinance keeps the deed and adds debt. A sale-leaseback sells the fee and converts occupancy into rent. Which wins depends on basis, coverage, and how much you need above what a lender will advance.
Full comparison →| Topic | Sale-leaseback | Cash-out refinance |
|---|---|---|
| Proceeds | Up to 100% of value | Typically 60–75% LTV |
| Balance sheet | No new debt | New debt, new covenants |
| Personal guarantee | None on the real estate | Usually required |
| Control of the site | Lease you author: term, options, escalations | Ownership, subject to lender |
| Upside in the dirt | Given up | Kept |
Get a confidential read on your locations in 48 hours.
Rent roll or unit count is enough to start. You keep the analysis whether or not you ever sell.