Publix
Employee-owned, unrated but financially very strong (essentially no funded debt), concentrated in Florida and the Southeast. Publix rarely does freestanding single-tenant deals; most exposure is as a shopping-center anchor with long, flat leases.
- US units
- 1,440
- Sep 2026 (approx.)
- 3Y net growth
- +8.3%
- vs. FY2022 (approx.)
- Credit rating
- NR
- No public rating
- Typical term
- 20 yr
- NN (shopping-center anchor)
- Model
- Corporate
- Private
Unit count
Publix in the news
All news →- Commercial Observer
- The Real Deal
- Supermarket News
- Supermarket News
Publix net lease FAQ
What is Publix's credit rating?
Publix does not carry a public S&P issuer credit rating (NR). Landlords underwrite it on unit-level performance, the guarantor named in the lease and, for public companies, reported financials.
How many Publix locations are there in the US?
Publix reported about 1,440 US locations as of Sep 2026 (approx.). That is +8.3% versus 1,330 in FY2022 (approx.).
What does a typical Publix net lease look like?
Lease type: NN (shopping-center anchor). Initial term: 20 yr. Rent increases: Flat primary; increases at options. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Publix corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.