217 industrial and logistics net lease properties are observed for sale across 40 states as of October 23, 2026, at a median asking cap rate of 6.75%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks each rated 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 11.60%, with the middle half of listings between 6.00% and 7.50% across 167 tenants. Median asking price $3.62M. Average remaining lease term 6.1 years among 48 listings that state a term. 6 listings report a 2026 build year. Figures update automatically from publicly marketed offerings and broker materials.
Industrial and Logistics NNN Properties For Sale: Latest Listings
Up to twenty-four single-tenant industrial properties with published pricing, the newest from each tenant first, so a single active seller cannot crowd out the rest of the market. Below the table, the full listing browser carries every observed industrial listing with state, cap rate, price and term filters. 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 | |
|---|---|---|---|---|---|---|---|---|
| Battery Systems | Yuma, AZ | $700,000 | 6.00% | $42,000 | n/a | n/a | Not stated | Get full property data |
| Goodyear | Victoria, TX | $2,790,000 | 7.50% | n/a | n/a | 2006 | Not stated | Get full property data |
| Foundation Building Materials | Sergeant Bluff, IA | $8,833,333 | 6.00% | $530,000 | n/a | 1987 | Not stated | Get full property data |
| RAS Logistics | Grayling, MI | $2,100,000 | 7.00% | $148,500 | n/a | 2005 | Not stated | Get full property data |
| Gerber Collision & Glass | Liberty Hill, TX | $6,447,610 | 5.65% | $364,290 | n/a | 2026 | Not stated | Get full property data |
| SiteOne Landscape Supply | Whitehouse, TX | $4,804,267 | 5.75% | $276,245 | n/a | 2026 | Not stated | Get full property data |
| FedEx | Alexandria, LA | $10,472,000 | 6.25% | $654,520 | n/a | 2015 | Not stated | Get full property data |
| Elite Benz | Scottsdale, AZ | $3,050,000 | 5.35% | $163,196 | n/a | 2007 | Not stated | Get full property data |
| Vanterra | Knoxville, TN | $4,639,779 | 7.25% | $336,384 | n/a | 1975 | Not stated | Get full property data |
| Ferguson Enterprises | Los Angeles, CA | $4,750,000 | 6.00% | $285,000 | n/a | 1965 | Not stated | Get full property data |
| Precision Glass & Glazing & Upholstery | Battle Creek, MI | $725,000 | 9.10% | $65,996 | n/a | 1976 | Not stated | Get full property data |
| HARBOR INDUSTRIES | Charlevoix, MI | $17,516,888 | 8.50% | $1,488,935 | n/a | 2000 | Not stated | Get full property data |
| Hamm & Phillips Service Co | Chickasha, OK | $749,000 | 6.40% | $48,000 | n/a | n/a | Not stated | Get full property data |
| Aamco | Brentwood, MO | $1,950,000 | 6.50% | n/a | n/a | 1989 | Not stated | Get full property data |
| Sunbelt Rentals | Tampa, FL | $4,880,000 | 5.85% | $285,324 | n/a | 2007 | Not stated | Get full property data |
| LES Schwab Tire CTR | Boise, ID | $16,421,891 | 5.50% | $903,204 | n/a | 1976 | Not stated | Get full property data |
| Samsung | Chapin, SC | $8,960,000 | 9.65% | $865,200 | n/a | 1965 | Not stated | Get full property data |
| Goodwill | Rock Hill, SC | $10,793,000 | 5.75% | $620,574 | n/a | 2024 | Not stated | Get full property data |
| Head Start | Trinidad, CO | $2,250,000 | 6.17% | $138,936 | n/a | 1964 | Not stated | Get full property data |
| Ferguson | Hudson, WI | $1,817,000 | 6.50% | $118,125 | n/a | 2000 | Not stated | Get full property data |
| Hotard Coaches | Port Arthur, TX | $10,000,000 | 7.50% | $750,000 | n/a | 2026 | Not stated | Get full property data |
| Bureau Of Land Management | Monte Vista, CO | $3,274,000 | 6.75% | n/a | n/a | 2015 | Not stated | Get full property data |
| Lucid Motors | Dallas, TX | $16,684,000 | 6.75% | $1,126,147 | n/a | 1963 | Not stated | Get full property data |
| Ingersoll Rand | Knoxville, TN | $2,000,000 | 6.64% | $133,301 | n/a | n/a | Not stated | Get full property data |
Showing 24 of 217 observed Industrial and Logistics 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.
Industrial NNN by Building Use and Size
Industrial is not one product. A last-mile distribution building, a manufacturing plant and a small flex building with an auto service tenant can carry similar asking cap rates for very different reasons, and the price per square foot tells you how much of the price is building versus rent. These tables break the observed inventory down by the use each listing describes and by building size.
| Building Use | Listings | Median Cap | Median Size | Median Price per SF |
|---|---|---|---|---|
| Distribution | 64 | 6.64% | 24,201 SF | $121 |
| Warehouse | 59 | 6.67% | 15,575 SF | $172 |
| Other or not stated | 37 | 7.00% | 21,092 SF | $221 |
| Flex | 29 | 6.67% | 13,094 SF | $266 |
| Manufacturing | 17 | 7.13% | 58,757 SF | $127 |
| Auto service | 11 | 6.75% | 9,992 SF | $301 |
Building use as described in each listing. A listing that names more than one use is grouped in this order: distribution, manufacturing, warehouse, flex, auto service.
| Building Size | Listings | Median Cap | Median Price | Median Price per SF |
|---|---|---|---|---|
| Under 10,000 SF | 53 | 6.73% | $1.39M | $275 |
| 10,000 to 24,999 SF | 71 | 6.75% | $2.52M | $164 |
| 25,000 to 49,999 SF | 44 | 6.55% | $6.60M | $169 |
| 50,000 to 99,999 SF | 32 | 7.01% | $9.15M | $132 |
| 100,000 SF and up | 15 | 7.25% | $14.29M | $73 |
Listings that state a building size, grouped by size band. Medians of published asking figures.
Tenants in the Industrial and Logistics Category
Industrial net lease is spread across many tenants, which is why this page is organized by building and market as much as by tenant. Tenants with a linked page carry a full credit rating, cap rate and inventory profile; the credit side of the logistics names is covered on the FedEx, Amazon, UPS and XPO credit profiles.
| Tenant | Listings | States | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|---|
| FedEx | 14 | 11 | 6.65% | 6.20% to 8.65% | $4.88M | FedEx NNN for sale |
| United Rentals | 7 | 7 | 6.75% | 5.49% to 7.50% | $1.42M | |
| Classic Collision | 5 | 3 | 6.90% | 5.80% to 6.98% | $2.60M | |
| Sunbelt Rentals | 5 | 4 | 6.09% | 5.50% to 6.75% | $4.88M | |
| Tesla | 4 | 4 | 6.41% | 6.41% to 6.41% | $23.48M | |
| SRS Distribution | 3 | 2 | 6.50% | 6.30% to 8.74% | $4.25M | |
| Ferguson | 3 | 3 | 6.50% | 6.25% to 8.21% | $1.82M | |
| Gerber Collision & Glass | 3 | 3 | 5.70% | 5.65% to 7.50% | $5.53M | |
| Amazon | 3 | 3 | 6.45% | 6.45% to 6.45% | $13.23M | Amazon NNN for sale |
| Goodwill | 3 | 3 | 7.75% | 5.75% to 8.60% | $2.00M | |
| Camping World | 2 | 2 | 4.59% | 4.59% to 4.59% | $9.48M | |
| Connected Cannabis Co. | 2 | 1 | 10.72% | 10.02% to 11.42% | $6.15M | |
| Savvy Sliders | 2 | 1 | 5.00% | 5.00% to 5.00% | $1.25M | |
| Sodexo | 2 | 2 | 9.51% | 8.93% to 10.09% | $1.62M | |
| ROSS | 2 | 2 | n/a | n/a | $1.93M | |
| Sherwin-Williams | 2 | 2 | 5.76% | 5.65% to 5.86% | $2.01M | Sherwin-Williams NNN for sale |
| K1 Speed | 2 | 2 | 7.02% | 7.01% to 7.03% | $8.75M | |
| Fastenal | 2 | 2 | 6.75% | 6.00% to 7.50% | $0.60M | |
| Frito Lay | 2 | 2 | 6.82% | 6.42% to 7.21% | $3.15M | |
| Kaizen Collision Center | 2 | 1 | 6.75% | 6.75% to 6.75% | $3.42M | |
| Benetech Inc. | 1 | 1 | 6.51% | 6.51% to 6.51% | $3.73M | |
| Battery Systems | 1 | 1 | 6.00% | 6.00% to 6.00% | $0.70M | |
| Alternative Meds Inc. | 1 | 1 | 8.93% | 8.93% to 8.93% | $13.00M | |
| Clean Harbors | 1 | 1 | 6.00% | 6.00% to 6.00% | $4.10M | |
| Badcock Home Furniture & More | 1 | 1 | n/a | n/a | $6.00M | |
| Cape & Coast Premier Properties | 1 | 1 | 7.75% | 7.75% to 7.75% | $2.27M | |
| CoolSys | 1 | 1 | 6.00% | 6.00% to 6.00% | $5.00M | |
| Core & Main | 1 | 1 | 6.22% | 6.22% to 6.22% | $3.05M | |
| Cox Communications | 1 | 1 | 6.34% | 6.34% to 6.34% | $8.23M | |
| Crash Champion | 1 | 1 | 6.15% | 6.15% to 6.15% | $4.09M | |
| Badcock Furniture And More | 1 | 1 | n/a | n/a | $6.00M | |
| All American Mobility | 1 | 1 | n/a | n/a | $1.12M | |
| ABC Supply Company | 1 | 1 | 6.00% | 6.00% to 6.00% | $2.25M | |
| Bureau Of Land Management | 1 | 1 | 6.75% | 6.75% to 6.75% | $3.27M | |
| Ashley Furniture Homestore | 1 | 1 | 6.50% | 6.50% to 6.50% | $17.67M | |
| Brinks | 1 | 1 | 6.75% | 6.75% to 6.75% | $2.15M | |
| Braun Intertec | 1 | 1 | 7.63% | 7.63% to 7.63% | $1.05M | |
| Amphenol Custom Cable | 1 | 1 | 6.55% | 6.55% to 6.55% | $7.96M | |
| All American Building Products | 1 | 1 | 6.00% | 6.00% to 6.00% | $1.75M | |
| Fastenal Company | 1 | 1 | 7.00% | 7.00% to 7.00% | $0.52M |
The 40 tenants with the most listings, out of 167 in the category. Tenants with a linked page carry its own listings, cap rate bands and state breakdown.
Where Industrial NNN Properties Are For Sale
| State | Listings | Avg Cap Rate | Avg Asking Price |
|---|---|---|---|
| TX | 26 | 6.38% | $5.13M |
| FL | 21 | 6.71% | $5.05M |
| CA | 16 | 6.71% | $8.68M |
| MI | 15 | 8.00% | $6.96M |
| IL | 12 | 6.97% | $7.98M |
| PA | 9 | 7.38% | $5.30M |
| CO | 8 | 7.12% | $7.13M |
| OR | 8 | 6.03% | $7.41M |
| NY | 7 | 7.29% | $8.00M |
| OH | 7 | 7.54% | $8.83M |
| GA | 7 | 6.62% | $4.33M |
| SC | 7 | 7.62% | $5.62M |
States with the most Industrial and Logistics listings observed. Averages are simple means of published asking figures.
How to Evaluate an Industrial Net Lease Property
Start with who signed the lease. Large logistics and industrial companies can lease through operating subsidiaries, and the entity on the lease, not the logo on the building, is the credit you are buying. Confirm the tenant entity, whether a parent guarantees the lease, and whether that guarantee survives an assignment. Where the tenant or its parent is rated, compare the asking cap rate to the credit profile before you anchor on a number; the investment grade credit tenant ratings table is the starting point.
Underwrite the building for the next tenant, not this one. Clear height, dock-high and grade-level doors, truck court depth, trailer parking, power capacity, sprinklers and column spacing decide who could lease the building if the current tenant leaves and what they would pay. A building that only works for its current user is a bet on that user renewing.
Read the lease structure line by line. Industrial leases range from absolute net to leases that keep the roof, structure, parking lot or capital repairs with the landlord. When a listing in the table above does not state a lease type, treat roof, structure and paving as open questions until the lease answers them.
Order the environmental work early. Manufacturing, auto service, fleet and truck terminal uses can carry contamination history. A Phase I Environmental Site Assessment (ASTM E1527-21) is designed to identify recognized environmental conditions, and if it recommends a Phase II, that testing adds time. Confirm what the lease says about environmental responsibility and indemnity, and for how long it lasts after the lease ends.
Price the land, not only the rent. Excess land, low building coverage and outdoor storage capacity can carry value beyond the lease, and the price per square foot in the tables above is the quickest check on whether you are paying for building or for income. In a sale-leaseback, compare the rent per square foot to market, since a seller raising capital may have set rent above what the next tenant would pay.
Check access and labor. Distance to the interstate, to the population the building serves and to the labor pool the tenant needs shape renewal odds. Last-mile buildings near population and regional distribution buildings near highway interchanges are different bets on the same tenant.
For the bond side of the same credits, see investment grade industrial bonds and industrial bonds versus distribution facility NNN real estate, and for opportunities that never reach the public market, off-market industrial and logistics.
1031 Exchange Buyers and Industrial NNN
Industrial price points run from $0.22M to $48.53M across observed listings, so the category can absorb a large exchange balance in one building or be split across several smaller flex and service properties. Building inspections and environmental reports on industrial property can take time, so start that work early in the exchange. Replacement property must be identified within 45 days after the sale of the relinquished property and received by the earlier of 180 days after that sale or the due date, including extensions, of your tax return for that year (Internal Revenue Code Section 1031(a)(3); Treasury Regulation 1.1031(k)-1(b)(2)). This is general information, not tax advice; your qualified intermediary and CPA handle the exchange side. Our role is the property.
Frequently Asked Questions: Industrial NNN Properties For Sale
How many industrial NNN properties are for sale right now?
As of October 23, 2026, 217 single-tenant industrial and logistics net lease properties are observed for sale across 40 states and 167 tenants. The count updates automatically as listings are added and withdrawn.
What cap rates are industrial NNN properties asking?
The median asking cap rate across observed industrial listings is 6.75%, with the middle half of listings between 6.00% and 7.50%. Cap rates vary by tenant credit, building use, size, lease structure and location; the building use and size tables above show how the medians shift.
How big are industrial NNN buildings on the market?
The median observed industrial listing is 20,258 SF, at a median asking price of $172 per SF. The size table above breaks listings into bands from under 10,000 SF to 100,000 SF and up.
Which states have the most industrial NNN properties for sale?
The states with the most observed industrial listings right now are TX, FL, CA. The state table above lists the top states with average asking cap rate and price.
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
- Restaurant NNN properties for sale (927 listings)
- 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)
- 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
