NNN Investment Opportunities

Triple Net Lease Properties in Central Florida

Passive income backed by credit tenants in one of America's fastest-growing metros

Central Florida's explosive population growth and business-friendly environment make it one of the top markets for triple net lease investing. Whether you're a 1031 exchange buyer on a deadline or building a long-term passive income portfolio, NNN properties in the Orlando metro deliver predictable cash flow backed by national credit tenants on long-term leases — with zero landlord responsibilities.

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What Is a Triple Net Lease?

In a triple net (NNN) lease, the tenant is responsible for all operating expenses beyond base rent. As the property owner, you collect passive income with virtually no landlord obligations.

Property Taxes

The tenant pays all real estate and property taxes directly, removing your largest variable expense.

Insurance

Building and liability insurance is the tenant's responsibility, protecting your asset at their cost.

Maintenance

Roof, structure, parking lot, HVAC — the tenant handles all repairs and capital expenditures.

Want to learn more? Read our full guide to NNN leases

Featured NNN Tenant Profiles

These are the types of national credit tenants actively leasing NNN properties across the Orlando metro and Central Florida corridor.

Dollar General

Cap Rate: 5.50% – 6.50%15 years

High-volume new construction in suburban and rural corridors across Central Florida.

Walgreens

Cap Rate: 4.75% – 5.50%20–25 years

Investment-grade credit (S&P rated) with long-term absolute net leases and rental escalations.

Chick-fil-A

Cap Rate: 4.00% – 4.50%20 years (ground lease)

Corporate-guaranteed ground leases with some of the strongest unit economics in QSR.

AutoZone

Cap Rate: 5.25% – 6.00%15–20 years

Recession-resilient auto parts retailer with consistent expansion in Florida markets.

Starbucks

Cap Rate: 4.50% – 5.25%10 years

Premium locations with drive-thru configurations commanding strong investor demand.

Medical / Dental

Cap Rate: 6.50% – 8.00%10 years

Single-tenant medical office with higher yields and built-in tenant improvements.

Why Central Florida for NNN Investing?

Orlando and the surrounding metro area offer a rare combination of factors that make NNN properties here especially attractive to investors nationwide.

No State Income Tax

Florida has no personal income tax, meaning NNN rental income flows directly to your bottom line without state-level erosion.

Population Growth Fueling Demand

Central Florida adds over 1,500 residents per week. Growing rooftops drive tenant sales and long-term lease stability.

National Credit Tenants Expanding Here

Major brands are aggressively expanding in the Orlando MSA, creating a steady pipeline of newly built NNN inventory.

Stable Cash Flow + Appreciation

Combine predictable NNN rent checks with Florida's appreciation trajectory for total returns that outpace most markets.

Current Cap Rate Ranges

Cap rates vary based on tenant credit quality, lease term, and location. Here is what investors are seeing in the Central Florida NNN market today.

Investment Grade

4.0% – 5.5%

S&P-rated tenants with the strongest credit profiles and lowest default risk.

e.g., Walgreens, Chick-fil-A, Starbucks, FedEx

National Credit

5.0% – 6.5%

Publicly traded or large-cap tenants with proven operating histories.

e.g., Dollar General, AutoZone, O'Reilly, Tractor Supply

Regional / Local

6.5% – 8.0%+

Higher yield in exchange for smaller tenant balance sheets and shorter track records.

e.g., Medical offices, childcare centers, regional QSR franchisees

For a deeper dive into Orlando cap rate trends, read our Orlando Cap Rates Investor Guide

See Available NNN Properties

Tell us about your investment criteria and we will send you current NNN opportunities in Central Florida that match your goals.

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