341 gas station and convenience store net lease properties are observed for sale across 39 states as of October 23, 2026, at a median asking cap rate of 5.15%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks every tenant against the investment grade threshold, and publishes the observations here: which tenants are on the market, what they are asking, how pricing breaks down by tenant and state, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates run from 4.00% to 8.05%, with the middle half of listings between 5.00% and 5.50% across 14 tenants. Median asking price $4.35M. Average remaining lease term 12.6 years among 91 listings that state a term. 79 listings report a 2026 build year. Figures update automatically from publicly marketed offerings and broker materials.
Gas Station and C-Store NNN Properties For Sale: Latest Listings
Up to twenty-four single-tenant gas station and convenience store properties with published pricing, the newest from each tenant first so every tenant in the category is represented. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | Location | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Wawa | Linthicum Heights, MD | $7,900,000 | 5.00% | $395,000 | n/a | 2026 | Not stated | Get full property data |
| 7-Eleven | Bartow, FL | $1,753,676 | 5.25% | n/a | n/a | 2000 | Not stated | Get full property data |
| Speedway | Wasilla, AK | $2,741,538 | 6.50% | $178,200 | n/a | n/a | Not stated | Get full property data |
| Chevron | Houston, TX | $5,873,225 | 7.75% | $455,175 | n/a | 2026 | Not stated | Get full property data |
| Circle K | Robertsdale, AL | $2,799,000 | 5.35% | $150,000 | n/a | 2026 | Not stated | Get full property data |
| Sheetz | Roanoke, VA | $4,509,000 | 5.50% | $248,000 | n/a | 2025 | Not stated | Get full property data |
| Murphy USA | Katy, TX | $2,948,000 | 4.75% | $140,000 | n/a | 2026 | Not stated | Get full property data |
| Sunoco | Columbia, SC | $2,251,400 | 5.50% | $123,827 | n/a | 1997 | Not stated | Get full property data |
| ExxonMobil | Cypress, TX | $5,489,583 | 7.20% | $395,250 | n/a | 2016 | Not stated | Get full property data |
| QuikTrip | Grand Prairie, TX | $5,995,440 | 5.00% | $299,772 | n/a | 2015 | Not stated | Get full property data |
| Marathon | McIntosh, AL | $1,835,773 | 7.50% | $137,683 | n/a | 1973 | Not stated | Get full property data |
| Sinclair | Casa Grande, AZ | $4,070,000 | 5.75% | $234,000 | n/a | 1967 | Not stated | Get full property data |
| Valero | Albuquerque, NM | $2,790,000 | 6.45% | $180,000 | n/a | n/a | Not stated | Get full property data |
| Casey's General Stores | Okmulgee, OK | $1,600,000 | 5.94% | $94,978 | n/a | n/a | Not stated | Get full property data |
| Wawa | Wildwood, NJ | $7,684,211 | 4.75% | $365,000 | n/a | 2026 | Not stated | Get full property data |
| 7-Eleven | Anaheim, CA | $3,263,000 | 4.75% | $155,000 | n/a | 1967 | Not stated | Get full property data |
| Speedway | Coon Rapids, MN | $8,801,206 | 5.50% | $484,066 | n/a | 2016 | Not stated | Get full property data |
| Chevron | Houston, TX | $5,100,000 | 7.75% | $395,250 | n/a | 2016 | Not stated | Get full property data |
| Circle K | Evans, GA | $3,500,000 | 5.00% | $175,000 | n/a | 2000 | Not stated | Get full property data |
| Sunoco | Houston, TX | $5,342,657 | 7.15% | $382,000 | n/a | 2019 | Not stated | Get full property data |
| Sheetz | Martinsburg, WV | $5,235,849 | 5.30% | $277,500 | n/a | 2026 | Not stated | Get full property data |
| Murphy USA | McKinney, TX | $3,298,969 | 4.85% | $160,000 | n/a | 2026 | Not stated | Get full property data |
| ExxonMobil | Houston, TX | $5,292,270 | 7.15% | $378,397 | n/a | 2015 | Not stated | Get full property data |
| QuikTrip | Independence, MO | $4,379,186 | 6.15% | $269,320 | n/a | 2002 | Not stated | Get full property data |
Showing 24 of 341 observed Gas Station and C-Store listings: the newest listing from each tenant first, then each tenant’s next newest, so every tenant with inventory appears. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Tenants in the Gas Station and C-Store Category
Listing count, median asking cap rate and cap range by tenant. The spread between tenants inside one category is usually a story about lease guarantee, remaining term and building age, which is why each tenant page breaks its inventory down further.
| Tenant | Listings | States | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|---|
| 7-Eleven | 175 | 33 | 5.15% | 4.50% to 7.75% | $4.71M | 7-Eleven NNN for sale |
| Wawa | 54 | 13 | 5.00% | 4.25% to 5.50% | $5.31M | Wawa NNN for sale |
| Circle K | 36 | 16 | 5.25% | 4.00% to 7.50% | $3.11M | Circle K NNN for sale |
| Speedway | 13 | 7 | 5.50% | 5.00% to 6.80% | $2.80M | Speedway NNN for sale |
| Sheetz | 13 | 6 | 5.28% | 5.00% to 6.00% | $4.50M | Sheetz NNN for sale |
| Chevron | 9 | 3 | 7.38% | 5.75% to 8.05% | $5.10M | Chevron NNN for sale |
| ExxonMobil | 9 | 5 | 7.15% | 5.75% to 7.75% | $3.55M | ExxonMobil NNN for sale |
| Murphy USA | 9 | 6 | 5.00% | 4.75% to 5.25% | $3.43M | Murphy USA NNN for sale |
| QuikTrip | 7 | 4 | 6.00% | 4.00% to 6.50% | $4.38M | QuikTrip NNN for sale |
| Valero | 5 | 4 | 7.38% | 6.45% to 8.00% | $2.95M | Valero NNN for sale |
| Sunoco | 4 | 4 | 7.45% | 5.50% to 8.00% | $3.69M | Sunoco NNN for sale |
| Sinclair | 3 | 3 | 7.75% | 5.75% to 7.91% | $2.30M | Sinclair NNN for sale |
| Marathon | 3 | 3 | 7.31% | 6.09% to 7.50% | $1.99M | Marathon NNN for sale |
| Casey's General Stores | 1 | 1 | 5.94% | 5.94% to 5.94% | $1.60M | Casey's General Stores NNN for sale |
Tenants in this category with at least one qualifying listing. Each tenant page carries its own listings, cap rate bands and state breakdown.
Where Gas Station and C-Store NNN Properties Are For Sale
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| FL | 58 | 5.08% | $5.19M |
| TX | 48 | 5.71% | $5.65M |
| VA | 23 | 5.29% | $4.58M |
| OH | 21 | 5.29% | $5.09M |
| CA | 19 | 5.00% | $5.24M |
| NC | 16 | 5.49% | $3.13M |
| IN | 16 | 5.24% | $5.44M |
| PA | 13 | 5.26% | $5.25M |
| IL | 12 | 5.64% | $3.80M |
| GA | 10 | 5.14% | $4.47M |
| MI | 9 | 5.28% | $4.99M |
| SC | 8 | 5.11% | $5.24M |
States with the most Gas Station and C-Store listings observed. Averages are simple means of published asking figures.
How to Evaluate a Gas Station and C-Store Net Lease Property
Gas station and convenience store net lease carries environmental due diligence that other categories do not. Underground storage tanks, Phase I and Phase II reports, closure records and state tank fund coverage belong in every review. Confirm whether the lease shifts environmental responsibility to the tenant and for how long.
Confirm who the tenant is: the brand on the canopy, a fuel distributor, or an independent operator with a supply agreement. Corporate-operated sites and dealer-operated sites are different credits with different cap rates, and the tenant pages break that out.
Fee simple versus ground lease, car wash and quick-service components, and the rent escalation pattern all change the value. Read the lease for exclusive-use and fuel supply language.
For the credit side of each tenant, start with the investment grade credit tenant ratings table, and the credit rating and cap rate page linked from each tenant’s for-sale page.
1031 Exchange Buyers and Gas Station and C-Store NNN
Gas station net lease rewards exchange buyers who start environmental due diligence early, since Phase I and tank records take time inside a 45-day identification window. Larger price points also make this a candidate for consolidating an exchange into one asset. The 45-day identification and 180-day exchange periods come from Internal Revenue Code Section 1031 and Treasury Regulation 1.1031(k)-1; this is general information, not tax advice, and your qualified intermediary and CPA handle the exchange side. Our role is the property.
Frequently Asked Questions: Gas Station and C-Store NNN Properties For Sale
How many Gas Station and C-Store NNN properties are for sale right now?
As of October 23, 2026, 341 single-tenant gas station and convenience store net lease properties are observed for sale across 39 states and 14 tenants. The count updates automatically as listings are added and withdrawn.
What cap rates are Gas Station and C-Store NNN properties asking?
The median asking cap rate across observed gas station and convenience store listings is 5.15%, with the middle half of listings between 5.00% and 5.50% and a full range of 4.00% to 8.05%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenant has the most Gas Station and C-Store listings on the market?
7-Eleven currently has the most observed listings in the category, at 175. The tenant table above shows every tenant in the category with live inventory.
Which states have the most Gas Station and C-Store NNN properties for sale?
The states with the most observed gas station and convenience store listings right now are FL, TX, VA. The state table above lists the top states with average asking cap rate and price.
What is the typical asking price for Gas Station and C-Store NNN properties?
The median asking price across observed gas station and convenience store listings is $4.35M, with a range of $0.73M to $15.50M. Price depends on rent, cap rate and lease structure, so compare within a tenant before comparing across the category.
Are these listings offered by Investment Grade?
No. These are market observations aggregated from publicly marketed offerings and broker materials, not offerings by Investment Grade Income Property, LP. Registering for full property data connects you with our team for buyer representation and due diligence; the listing broker remains the listing broker.
Other NNN Categories For Sale
- QSR NNN properties for sale (819 listings)
- Casual Dining NNN properties for sale (108 listings)
- Pharmacy NNN properties for sale (513 listings)
- Dollar Store NNN properties for sale (798 listings)
- Bank Branch NNN properties for sale (140 listings)
- Auto Parts and Service NNN properties for sale (285 listings)
- Grocery and Big Box NNN properties for sale (43 listings)
- Healthcare NNN properties for sale (168 listings)
- Car Wash NNN properties for sale (23 listings)
- All NNN properties for sale by tenant
