Triple Net Investment Group

Facebook-f Linkedin-in Youtube
Menu
Facebook Linkedin Instagram Youtube
Menu
GET A QUOTE

Jersey Mike’s Subs

Interested in selling your Jersey Mike’s Subs NNN property or Jersey Mike’s Subs ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Jersey Mike’s Subs NNN property for sale or Jersey Mike’s Subs ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Jersey Mike’s Subs NNN property or the inclusion of a Jersey Mike’s Subs ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Jersey Mike’s Subs properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of 2024, Jersey Mike’s Subs operates over 2,800 locations across the United States, Canada, and international markets. The brand has a strong presence in all 50 U.S. states and continues to expand rapidly in high-growth suburban and urban markets.

Revenue and income

In 2023, Jersey Mike’s Subs generated over $9 billion in systemwide sales, making it one of the fastest-growing sandwich chains in the United States. As a privately held company, Jersey Mike’s does not publicly disclose net income figures.

Future plans

Jersey Mike’s Subs plans to continue its aggressive expansion strategy, with hundreds of new store openings annually. The brand is focused on:

  • Expanding in underpenetrated domestic markets

  • Growing its international footprint

  • Enhancing digital ordering, delivery, and loyalty platforms

Corporate vs. franchise

Jersey Mike’s Subs operates primarily under a franchise model.

  • The vast majority of locations are franchise-owned and operated
  • Franchisees typically pay:
  • An initial franchise fee (commonly around $18,500)
  • Ongoing royalty and marketing fees based on gross sales

Additional information Jersey Mike’s Subs Properties

  1. Jersey Mike’s Subs was founded in 1956 in Point Pleasant, New Jersey.

  2. The brand emphasizes fresh-sliced meats and cheeses and made-to-order subs.

  3. Jersey Mike’s is widely known for its strong community involvement and charitable giving through its annual “Month of Giving.”

  4. The company is privately held and headquartered in Manasquan, New Jersey.

Jersey Mike’s Subs History

Jersey Mike’s Subs traces its origins to 1956 when a small sandwich shop named “Mike’s Subs” opened in Point Pleasant, New Jersey. In 1975, Peter Cancro purchased the shop at just 17 years old and later renamed it Jersey Mike’s Subs.

Through the 1980s and 1990s, the company refined its operating model and began franchising, focusing on quality ingredients, consistency, and customer service. Jersey Mike’s experienced explosive growth in the 2000s and 2010s, becoming one of the fastest-growing fast-casual restaurant brands in the country.

Today, Jersey Mike’s Subs is recognized globally for its premium subs, strong unit economics, and disciplined expansion strategy.

Why Invest in Ground Lease and NNN Lease of Jersey Mike’s Subs?

Investing in Jersey Mike’s Subs ground lease and triple net (NNN) lease properties offers attractive benefits for passive real estate investors.

1) Jersey Mike’s Subs NNN Property Investment: Stable income

Jersey Mike’s strong brand recognition, high unit volumes, and loyal customer base support consistent store performance and reliable rental income.

2) Jersey Mike’s Subs NNN Property Investment: Established tenant

With decades of operating history and billions in systemwide sales, Jersey Mike’s represents a well-established and dependable tenant for long-term real estate investments.

3) Jersey Mike’s Subs NNN Property Investment: Low management responsibility

NNN and ground leases typically place responsibility for taxes, insurance, maintenance, and repairs on the tenant, minimizing landlord involvement.

4) Jersey Mike’s Subs NNN Property Investment: Favorable lease terms

Many Jersey Mike’s leases include long initial terms with rent escalations, supporting predictable cash flow and reduced rollover risk.

5) Jersey Mike’s Subs NNN Property Investment: Real estate value

Jersey Mike’s locations are often positioned in high-traffic retail corridors, shopping centers, and pad sites, supporting long-term property value and resale potential.

Pros and Cons of Jersey Mike’s Subs Ground Lease and NNN Lease Investment

Pros:

  1. Stable income from a nationally recognized fast-casual brand.

  2. Franchise-backed tenant with strong sales performance.

  3. Minimal management responsibility for landlords.

  4. Long lease terms provide income stability and growth.

Cons:

  1. Lease renewal risk at the end of the term.

  2. Performance depends on franchisee strength and local market conditions.

  3. Competition within the fast-casual restaurant segment.

  4. Limited landlord control under NNN and ground lease structures.

  5. Exposure to broader economic and retail market fluctuations.

As with any NNN investment, thorough due diligence is critical. Investors should evaluate location quality, franchisee financial strength, lease structure, and market demand. Consulting with experienced NNN real estate professionals and financial advisors can help align investments with long-term goals and risk tolerance.

MarketWatch: Jersey Mike’s Subs

MarketWatch: Jersey Mike’s Subs

Scroll to Top