43 grocery and big box net lease properties are observed for sale across 19 states as of October 23, 2026, at a median asking cap rate of 5.75%. 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 11.00%, with the middle half of listings between 5.12% and 6.46% across 8 tenants. Median asking price $8.04M. Average remaining lease term 8.6 years among 23 listings that state a term. 6 listings report a 2026 build year. Figures update automatically from publicly marketed offerings and broker materials.
Grocery and Big Box NNN Properties For Sale: Latest Listings
Up to twenty-four single-tenant grocery and big box 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 | |
|---|---|---|---|---|---|---|---|---|
| Home Depot | Palmdale, CA | $16,300,000 | 4.75% | $777,834 | n/a | 2007 | Not stated | Get full property data |
| Kroger | Maryville, TN | $2,500,000 | 4.00% | $100,000 | n/a | 2014 | Not stated | Get full property data |
| Walmart | Crestview, FL | $15,180,000 | 5.00% | $759,000 | n/a | 2026 | Not stated | Get full property data |
| Best Buy | Homewood, IL | $5,215,000 | 7.54% | $393,000 | n/a | n/a | Not stated | Get full property data |
| Piggly Wiggly | Prattville, AL | $5,816,300 | 6.75% | $392,600 | n/a | 1983 | Not stated | Get full property data |
| Target | Los Angeles, CA | $18,720,000 | 5.00% | $935,990 | n/a | 1999 | Not stated | Get full property data |
| Food Lion | Lynchburg, VA | $3,980,000 | 6.75% | $268,745 | 4.2 yrs | 1982 | NNN | Get full property data |
| Albertsons | Taft, CA | $5,391,000 | 5.75% | $310,000 | 7.8 yrs | 1985 | NNN | Get full property data |
| Home Depot | Strongsville, OH | $21,120,000 | 5.60% | $1,182,782 | n/a | 1995 | Not stated | Get full property data |
| Kroger | Spanaway, WA | $2,600,000 | 5.00% | $130,000 | n/a | 2026 | Not stated | Get full property data |
| Best Buy | Florida City, FL | $10,300,000 | 6.41% | $660,000 | n/a | 2008 | Not stated | Get full property data |
| Walmart | Compton, CA | $7,340,723 | 5.25% | $385,388 | n/a | 1999 | Not stated | Get full property data |
| Target | Lomita, CA | $13,455,000 | 5.40% | $726,579 | n/a | 1980 | Not stated | Get full property data |
| Piggly Wiggly | Mt Pleasant, WI | $3,840,000 | 7.80% | $299,710 | 3.8 yrs | 1975 | NNN | Get full property data |
| Food Lion | Waycross, GA | $3,580,000 | 6.50% | $232,650 | 4.6 yrs | 1985 | Absolute NNN | Get full property data |
| Albertsons | Alexandria, LA | $8,038,700 | 9.75% | $783,770 | 4.3 yrs | 1990 | Absolute NNN | Get full property data |
| Best Buy | Benton Harbor, MI | $3,782,563 | 6.75% | $255,323 | n/a | 2001 | Not stated | Get full property data |
| Home Depot | Lafayette, IN | $6,969,000 | 5.80% | $404,250 | n/a | 2005 | Not stated | Get full property data |
| Walmart | Fort Lauderdale, FL | $30,598,250 | 4.25% | $1,300,000 | n/a | 2015 | Not stated | Get full property data |
| Kroger | South Charleston, WV | $1,500,000 | 5.00% | $75,000 | n/a | 2026 | Not stated | Get full property data |
| Piggly Wiggly | Howards Grove, WI | $2,253,000 | 7.00% | $157,742 | n/a | n/a | Not stated | Get full property data |
| Target | Glendale, WI | $15,350,000 | 5.25% | $805,770 | 10.4 yrs | 1957 | NNN | Get full property data |
| Albertsons | Lafayette, LA | $11,398,900 | 9.00% | $1,025,895 | 4.3 yrs | 2000 | NN | Get full property data |
| Home Depot | Bakersfield, CA | $13,990,000 | 5.80% | $808,183 | n/a | 1970 | Not stated | Get full property data |
Showing 24 of 43 observed Grocery and Big Box 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 Grocery and Big Box 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 | |
|---|---|---|---|---|---|---|
| Kroger | 8 | 7 | 5.00% | 4.00% to 6.00% | $3.40M | Kroger NNN for sale |
| Home Depot | 7 | 4 | 5.35% | 4.75% to 5.80% | $16.30M | Home Depot NNN for sale |
| Walmart | 6 | 5 | 5.13% | 4.15% to 6.00% | $9.92M | Walmart NNN for sale |
| Target | 6 | 3 | 5.33% | 4.85% to 11.00% | $15.34M | Target NNN for sale |
| Best Buy | 5 | 5 | 6.41% | 6.00% to 7.54% | $7.78M | Best Buy NNN for sale |
| Albertsons | 5 | 3 | 5.75% | 5.50% to 9.75% | $11.40M | Albertsons NNN for sale |
| Piggly Wiggly | 4 | 2 | 7.00% | 6.75% to 7.80% | $3.05M | Piggly Wiggly NNN for sale |
| Food Lion | 2 | 2 | 6.63% | 6.50% to 6.75% | $3.78M | Food Lion 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 Grocery and Big Box NNN Properties Are For Sale
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| CA | 9 | 5.35% | $19.61M |
| WI | 5 | 6.61% | $5.53M |
| IL | 4 | 6.14% | $18.01M |
| FL | 3 | 5.22% | $18.69M |
| LA | 3 | 8.25% | $9.65M |
| GA | 2 | 6.25% | $6.95M |
| OR | 2 | 5.30% | $22.62M |
| NY | 2 | 8.38% | $10.56M |
| WV | 2 | 5.00% | $4.25M |
| IN | 2 | 5.52% | $8.98M |
| MN | 1 | 6.00% | $18.15M |
| AR | 1 | 5.00% | $2.00M |
States with the most Grocery and Big Box listings observed. Averages are simple means of published asking figures.
How to Evaluate a Grocery and Big Box Net Lease Property
Grocery and big box net lease is a larger-ticket category where the tenant’s own investment in the store, sales reporting and co-tenancy language drive value. Confirm whether the lease is freestanding or part of a center with shared obligations.
Grocers and big box operators often control their real estate strategy at the corporate level, so read the assignment, go-dark and recapture clauses carefully. A strong credit with a right to go dark is a different investment than one that must operate.
Compare the asking cap rate to the tenant’s credit profile and to the smaller-box alternatives in the same trade area before you commit.
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 Grocery and Big Box NNN
Grocery and big box assets can absorb a large exchange balance in one property. Confirm go-dark and assignment language before identification, since those clauses decide whether the credit protects the income. 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: Grocery and Big Box NNN Properties For Sale
How many Grocery and Big Box NNN properties are for sale right now?
As of October 23, 2026, 43 single-tenant grocery and big box net lease properties are observed for sale across 19 states and 8 tenants. The count updates automatically as listings are added and withdrawn.
What cap rates are Grocery and Big Box NNN properties asking?
The median asking cap rate across observed grocery and big box listings is 5.75%, with the middle half of listings between 5.12% and 6.46% and a full range of 4.00% to 11.00%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenant has the most Grocery and Big Box listings on the market?
Kroger currently has the most observed listings in the category, at 8. The tenant table above shows every tenant in the category with live inventory.
Which states have the most Grocery and Big Box NNN properties for sale?
The states with the most observed grocery and big box listings right now are CA, WI, IL. The state table above lists the top states with average asking cap rate and price.
What is the typical asking price for Grocery and Big Box NNN properties?
The median asking price across observed grocery and big box listings is $8.04M, with a range of $1.50M to $63.60M. 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)
- Gas Station and C-Store NNN properties for sale (341 listings)
- Healthcare NNN properties for sale (168 listings)
- Car Wash NNN properties for sale (23 listings)
- All NNN properties for sale by tenant
