What American Development Partners does

American Development Partners is a privately held, full-service commercial real estate development firm founded in 1995 and headquartered in Franklin, Tennessee. The company specializes exclusively in free-standing, single-tenant commercial properties and operates a turnkey model covering site selection, capital, design, architecture, engineering, and construction under a single contract, with deployment rights across all 50 U.S. states. Its customer base is concentrated in franchise and multi-unit corporate tenants, with disclosed programs spanning quick-service and fast-casual restaurants (Taco John's, Church's Chicken, Captain D's, Checker's, Dog Haus), beverage (World of Beer), and healthcare urgent care (American Family Care).

The firm's business model combines a traditional development fee stream with internally financed deployment. The Infinity Funding Program self-provides 100% of project capital, the Capital Markets Investment Platform and Sale Leaseback Program allow ADP to underwrite, hold, and monetize the assets it develops, and a dedicated Franchise Development Program targets multi-unit brand rollouts. The company reports $1 billion or more of cumulative project deployment through REIT and private-equity channels, including a $1B American Family Care program, a $500M/300-location Dog Haus program, and a 100-store Taco John's program. The leadership team cites 577 collective years of industry experience.

The revenue model derives from development and construction fees on each project plus investment economics (rent, capital appreciation, asset sale gains) on assets retained through the Capital Markets and Sale Leaseback platforms. ADP does not disclose revenue, headcount in detail, funding history, or M&A activity in the available material, and no AI/ML, data, or technology capability is referenced. The strategic posture is that of a vertically integrated, capital-enabled specialist seeking to capture more of the single-tenant CRE value chain than a fee-only developer.

Name

American Development Partners

Legal name

American Development Partners

Website

https://americandevelopmentpartners.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

American Development Partners is a full-service, single-tenant commercial real estate developer founded in 1995 and based in Franklin, Tennessee. It delivers turnkey site selection, design, build, and self-funded capital to franchise and corporate tenants across all 50 U.S. states.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Offices of Real Estate Agents and Brokers (5312), Other Financial Vehicles (52599)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

akta.pro secondary industries

Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ), Development Finance, Guarantees & Blended Finance Programs (BPADABAM)

Keywords

• Commercial real estate development
• Single-tenant construction
• Site selection services
• Sale leaseback transactions
• Franchise development

Headquarters

HQ city

Franklin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Development Fees: ADP earns development fees for each unit developed, with the company investing 100% of its development fee back into the operating entity. For example, a $100,000 per unit development fee across 5 units results in $500,000 invested by ADP into the project.
2. Real Estate Investment Returns: ADP generates returns through its programmatic national development program, creating secure NNN real estate-backed investments for capital partners. The company participates in equity returns alongside financial partners.
3. Sale-Leaseback Transactions: ADP's acquisitions team purchases single-tenant, net-leased retail properties throughout the United States, primarily through sale leaseback transactions, generating revenue through property appreciation and lease income.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

American Development Partners is a full-service developer of free-standing, single-tenant commercial real estate operating across all 50 states. The company delivers turnkey development solutions to multi-unit franchise operators and national/regional businesses, bundling site selection, general contracting, design/architecture/engineering, and 100% capital funding (real estate purchase, build-to-suit, FF&E, and working capital) under the Infinity Funding Program. It also operates a Sale Leaseback Program and a Capital Markets Investment Platform for single-tenant NNN real estate with REITs, private equity, family offices, and 1031 exchange investors.

Product overview

American Development Partners (ADP) is a full-service commercial real estate developer offering a turnkey solution for single-tenant property development across all 50 states. The company's integrated service portfolio includes Site Selection Services (using data-driven demographics and market analysis), Design/Architecture & Engineering Services (through national firm partnerships), Construction Services (as a licensed general contractor in all 50 states), and the Infinity Funding Program (providing 100% capital for growth). ADP also operates a Capital Markets Investment Platform (targeting NNN real estate in categories including QSR, urgent care, and retail) and a Sale Leaseback Program for net-leased properties. The Franchise Development Program enables ADP to co-invest alongside equity partners in franchise expansions requiring 10+ units.

Differentiator

Problem solved

Functional benefit

Products and services

• Site Selection Services Data-driven site identification service that combines key demographics, market information, and competition analysis with local expert networks to select optimal sites (on or off market) for multi-unit operators and franchise brands expanding nationally.

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core.

• National Architectural and Engineering FirmscoreStrategic or Co-development PartnerADP partners with national architectural and engineering firms to provide seamless real estate due-diligence, building design, architecture, and multi-disciplinary engineering services. These partnerships enable ADP to deliver a complete turnkey experience while maintaining quality standards across all 50 states.
• American Family CarecoreStrategic or Co-development PartnerADP has facilitated a $1 billion investment partnership with American Family Care for urgent care clinic expansion across the United States. This represents ADP's largest healthcare development partnership to date.
• Church's ChickencoreStrategic or Co-development PartnerADP partnered with Church's Chicken on a major expansion initiative including a 10-restaurant deal starting at $40 million. ADP manages site selection, construction, and development for new Church's Chicken locations.
• Taco John'scoreStrategic or Co-development PartnerADP facilitated Taco John's largest-ever development deal for 100 restaurant locations across the Carolinas. ADP provides complete turnkey development including capital, site selection, and construction management.
• Dog HauscoreStrategic or Co-development PartnerADP signed a $500 million franchise agreement with Dog Haus for development of over 300 new locations nationwide. This represents one of ADP's largest restaurant development partnerships.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• STORE Capital: Private/public sale-leaseback specialist that acquires single-tenant operating real estate from multi-unit operators. Comparable because its core business mirrors ADP's sale-leaseback acquisitions team and the kinds of franchise/healthcare tenants ADP develops for.
• National Retail Properties: Public REIT focused exclusively on single-tenant retail NNN properties, with a heavy restaurant tenant mix. Comparable because it is a natural acquirer of the type of free-standing, single-tenant assets ADP builds and acquires, and competes with ADP for franchise operator relationships.
• Trammell Crow Company: Large diversified commercial real estate developer and investor operating across all major US asset classes. Comparable because it is a similarly scaled full-service developer, although its focus is broader (office, industrial, multifamily) rather than single-tenant franchise buildings.
• Four Corners Property Trust: Public REIT concentrated in restaurant NNN real estate. Comparable because it represents both a competing acquirer profile and a peer investment vehicle for the type of single-tenant restaurant assets ADP develops and packages for institutional buyers.
• W. P. Carey Inc. Diversified public NNN REIT with significant single-tenant commercial exposure including restaurants and healthcare. Comparable because it operates as a capital partner/buyer in the same programmatic NNN market that ADP's Capital Markets division supplies.
• Realty Income Corporation: Public NNN REIT that buys single-tenant, free-standing commercial properties (including restaurants and healthcare) leased to operators — directly aligned with ADP's sale-leaseback buyer universe and asset category. Comparable because Realty Income is one of the largest capital partners ADP would market completed sale-leaseback assets to.
• Spirit Realty Capital (now part of Realty Income): Pre-merger Spirit was a public NNN REIT specializing in single-tenant restaurants, convenience, and healthcare. Comparable because it historically competed for the same franchise tenant sale-leaseback transactions and remains a relevant benchmark for ADP's acquisitions business.

Direct peers

• Fransmart: Franchise development and broker firm that helps emerging restaurant brands execute multi-unit expansion across the US. Comparable because it sells a similar turnkey franchise-expansion service to operators, although without ADP's in-house construction and capital programs.

Others

• Frisch's Restaurants / Golden Corral (operator side): Not a direct peer but representative of the multi-unit restaurant operator segment that ADP's Franchise Development Program serves. Included to highlight the customer-side counterparties whose unit economics ultimately drive ADP's pipeline and sale-leaseback credit exposure.
• Reddy Ice / regional franchisee consolidators: Representative of multi-unit franchisee/operator consolidators that are frequent counterparties to programmatic development and sale-leaseback deals. Included to surface the operator-side of the ecosystem ADP serves rather than as a directly competing developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Development Partners