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Restaurant net lease

Restaurant NNN Loans.

Financing for drive-thru and fast casual restaurant buildings leased to brands like Chipotle, Wendy's, KFC, Dutch Bros, and Hardee's. A fixed rate on a 30 year amortization, and no prepayment penalty.

Get a QuoteSee typical terms
Program Snapshot
$1M
Min loan
$30M
Max loan
65%
Maximum LTV
$0
Prepayment penalty
On qualifying loans
Up to 75% on our commercial DSCR loans
Sell or refinance at any time on qualifying loans
DSCR 1.35x. On a 30 year amortization
Rate 1.80% to 2.20%. Over the 5 year Treasury, fixed for 5 years
Quick service and fast casual
Get a Quote
Program Overview

The drive-thru is the asset.

A quick service restaurant is one of the most traded net lease properties in the country. The tenant pays the expenses, the lease often runs 15 to 20 years, and a drive-thru on a busy corner is easy to re-lease to another brand if the first one leaves. That makes the location and the drive-thru as important as the name on the sign.

The guaranty matters too. A lease backed by the brand's corporate parent, or by a franchise operator running at least 20 locations, is the strongest fit. With no prepayment penalty, you can sell to the next 1031 buyer whenever the cap rate is right, without a payoff penalty eating into the gain.

Typical terms

What you can typically borrow

On restaurant NNN properties, loan amounts typically range from $1 million to $30 million, up to 65% of value, with no prepayment penalty.

These are typical ranges, not a quote. Your rate and loan amount depend on the tenant, the lease, the property, and your credit.

Loan amount
$1,000,000 to $30,000,000
Loan purpose
Purchase, refinance, and cash outIncluding 1031 exchange purchases
Maximum LTV
Up to 65%Up to 75% on our commercial DSCR loans
Loan term
5 year fixed
Amortization
30 yearLonger than the 20 to 25 years most banks offer
Minimum DSCR
1.35xAs low as 0.9x on our commercial DSCR loans
Restaurant type
Quick service and fast casualDrive-thru, coffee, and fast food
Prepayment penalty
NoneSell or refinance at any time on qualifying loans
Rate
Roughly 1.80% to 2.20% over the 5 year TreasuryFixed for the term
Recourse
Personal guaranty
Guaranty
Corporate or franchiseFranchise operators with 20+ locations
Lease
Years remaining reviewed15 to 20 year leases are common
Site
Drive-thru and corner lotsValued for how easily the building re-leases
Available in
35 statesAL, AK, AR, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MS, MO, MT, NE, NH, NM, OH, OK, PA, SC, TN, TX, VA, WA, WV, WI, WY

These are typical terms. Yours depend on the brand, the guaranty, the lease, and the property.

Buying or refinancing a restaurant property?
Send the lease and the address, and we'll come back with terms.
Get a Quote
Where it fits

Restaurant properties we see

Chipotle

Freestanding buildings and end caps, many with a Chipotlane pickup window.

Wendy's and Hardee's

Drive-thru burger buildings, often leased to large franchise operators.

KFC

Drive-thru chicken buildings leased to corporate and franchise operators.

Dutch Bros

Small-footprint, double-lane coffee drive-thrus.

Other national brands

Buildings leased to brands like McDonald's, Starbucks, Taco Bell, and Popeyes.

Pad sites

Freestanding restaurant pads in front of grocery and retail centers.

Brand names describe the kinds of tenants we like. They aren't affiliated with Capituro.

Who this is for

Built for restaurant property owners and buyers

For investors who own the real estate and lease it to a restaurant brand or franchise operator.

Get a Quote
1

You're buying a restaurant with 1031 money

Terms early in your identification window, and a closing scheduled to your deadline.

2

You want the freedom to sell

Restaurant buildings trade often. No prepayment penalty keeps the door open.

3

You're refinancing a maturing loan

Move onto a 30 year amortization and a fixed rate.

4

Your tenant extended the lease

More years on the lease can support more loan. Take cash out for the next one.

The process

From first call to closing

01

Tell us about the property

The address, the tenant, and what you want the loan to do. The lease is all it takes to start.

02

See your terms

The loan amount, the rate, and what it takes to close, before you pay for an appraisal.

03

We do the legwork

Appraisal, environmental, title, and insurance get ordered and kept on schedule. On a 1031 purchase, the schedule is built around your closing deadline.

04

Close and fund

Loan documents signed and the loan funded on your closing date.

Ready to move on a property?
Send the lease and the address, and we'll come back with terms quickly.
Get a Quote
Restaurant NNN Questions

Frequently asked

How do you finance a fast food restaurant property?+
If you own the real estate and lease it to the restaurant, the loan is based on the lease: the rent, the guaranty, and the years remaining. Purchase, refinance, and cash out are all available, from $1 million to $30 million, with no prepayment penalty.
Can I get a loan on a Chipotle NNN property?+
Yes. Chipotle is a corporate-leased national brand, and its buildings are some of the most sought-after net lease properties, especially newer sites with a Chipotlane pickup window. The loan is based on the lease and the years remaining.
Can I get a loan on a Wendy's or Hardee's property?+
Yes. Most Wendy's and Hardee's buildings are leased to franchise operators. A lease guaranteed by an operator with at least 20 locations is a strong fit.
Can I get a loan on a KFC property?+
Yes. KFC buildings leased to the corporate parent or to a large franchise operator are a strong fit. Older buildings on good corners also hold value because they re-lease easily to other drive-thru brands.
Can I get a loan on a Dutch Bros property?+
Yes. Dutch Bros coffee drive-thrus are small buildings on high-traffic sites, usually on long corporate leases. The loan is based on the lease and the site.
Does the guaranty matter?+
Yes. A lease guaranteed by the brand's corporate parent is the strongest. A lease guaranteed by a franchise operator with at least 20 locations is also a strong fit. A single-unit franchisee is harder.
What if the restaurant closes?+
That's why the site matters. A drive-thru on a busy corner usually re-leases to another brand without major changes. The location is part of the review from the start.
Can I buy a restaurant property with a 1031 exchange?+
Yes. Quick service restaurants are one of the most common 1031 purchases. Send the property as soon as it's under contract, and we'll come back with terms early enough to keep your exchange on schedule.
What about sit-down restaurants and bars?+
Those are financed with their own terms, separate from the net lease terms on this page. Send the details and we'll tell you what fits.
Can I get more than 65% of value, or a smaller loan?+
Yes, through our commercial DSCR loans. They reach up to 75% of value, start at $200,000, need no minimum DSCR on loans under $500,000 and 0.9x above that, and offer terms up to a 30 year fixed. Buildings leased to local businesses fit there too. The tradeoff is that most carry a step-down prepayment instead of none. See our Retail DSCR loans.
Where does Capituro offer restaurant NNN loans?+
In 35 states: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. Very rural areas within these states may be restricted. Send the address and we'll confirm your property fits.
Get Started

Own or buying a restaurant property? Let's look at the loan.

Send the numbers and the address, and we'll come back with loan terms.

Step 1 of 5

What are you looking to do?

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