75 NNN properties are observed for sale in Iowa across 45 tenants and 47 cities as of October 30, 2026, at a median asking cap rate of 7.00%, 65 basis points above the national median of 6.35%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and cities carry the inventory, what it is asking, how Iowa prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Iowa run from 4.75% to 10.00%, with the middle half of listings between 6.00% and 7.88%. Median asking price $2.79M (median $329 per SF). Average remaining lease term 8.8 years among 26 listings that state a term. 3 listings report a 2026 build year. 26 listings were first observed and 16 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Key findings, as of October 30, 2026
- 75 NNN listings are observed in Iowa, tied for the 29th largest inventory of the 50 states with listings.
- The median asking cap rate of 7.00% is 65 basis points above the national median. That is tied for the 4th highest median asking cap rate among the 50 states with observed listings.
- Comparing the same tenants, Iowa listings ask 44 basis points wider than those tenants elsewhere (5 tenants, 24 Iowa listings), so part of the gap above reflects location and part reflects which tenants are on the market.
- The median Iowa listing was first observed 97 days ago (tracking began July 25, 2026, so listings marketed before then may have been on the market longer); 26 were first observed and 16 dropped off active tracking in the last 90 days.
NNN Properties For Sale in Iowa: Latest Listings
Up to twenty-four single-tenant net lease properties in Iowa with published pricing, the newest from each tenant first so the table reflects the whole Iowa market rather than one or two active tenants. Below the table, the full listing browser carries every observed Iowa listing with tenant, city, 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 | City | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Car Wash | Pleasant Hill | $5,000,000 | 5.75% | $287,500 | n/a | 2022 | Not stated | Get full property data |
| Boulder Tap | Cedar Rapids | $2,351,067 | 7.50% | $176,330 | n/a | 2023 | Not stated | Get full property data |
| Burlington | Cedar Rapids | $6,826,207 | 7.25% | $494,900 | n/a | 2016 | Not stated | Get full property data |
| Burger King | Denison | $1,543,000 | 6.25% | $96,425 | n/a | 2001 | Not stated | Get full property data |
| DaVita | Ankeny | $2,750,000 | 6.24% | $171,482 | n/a | 2013 | Not stated | Get full property data |
| Hardee's | Toledo | $1,153,506 | 8.50% | $98,048 | n/a | n/a | Not stated | Get full property data |
| Foundation Building Materials | Sergeant Bluff | $8,833,333 | 6.00% | $530,000 | n/a | 1987 | Not stated | Get full property data |
| Dollar General | Leon | $1,535,184 | 6.50% | $99,787 | n/a | 2021 | Not stated | Get full property data |
| Maverik | Sioux City | $3,600,000 | 6.04% | $217,402 | n/a | 2011 | Not stated | Get full property data |
| Arby's | Cedar Rapids | $2,250,000 | 5.75% | $129,467 | n/a | 1984 | Not stated | Get full property data |
| Raising Cane's | Sioux City | $3,155,681 | 4.75% | $150,000 | n/a | 2025 | Not stated | Get full property data |
| Huhot Mongolian Grill | Sioux City | $2,900,000 | 7.22% | $209,520 | n/a | 2000 | Not stated | Get full property data |
| Dutch Bros | West Des Moines | $3,374,000 | 5.50% | $185,577 | n/a | 2026 | Not stated | Get full property data |
| New Creations Child Care | Ankeny | $4,373,627 | 7.50% | $328,022 | n/a | 2014 | Not stated | Get full property data |
| Tidal Wave Auto Spa | Clive | $5,291,881 | 6.75% | $357,202 | n/a | 2022 | Not stated | Get full property data |
| Christian Brothers Automotive | Cedar Rapids | $4,140,000 | 6.00% | $248,400 | n/a | 2025 | Not stated | Get full property data |
| Mega Saver | Marion | $3,399,000 | 7.50% | $254,919 | n/a | 2011 | Not stated | Get full property data |
| Caliber Collision | Marion | $2,030,769 | 6.50% | $132,000 | n/a | 2005 | NN | Get full property data |
| Fastenal | Decorah | $560,417 | 6.00% | $48,000 implies 8.57%; verify | 4.6 yrs | 2006 | NN | Get full property data |
| 7 Brew | Bettendorf | $1,893,000 | 6.26% | $118,512 | n/a | 2026 | Absolute NNN | Get full property data |
| Furniture Mart Usa | Spirit Lake | $3,911,000 | 6.75% | $264,000 | n/a | 1984 | Not stated | Get full property data |
| The Ups Store | Marshalltown | $425,000 | 7.62% | $32,400 | n/a | 2005 | Not stated | Get full property data |
| New Creations | Waukee | $5,596,129 | 7.00% | $384,048 | 12.1 yrs | 2022 | NNN | Get full property data |
| Aldi and Trader Joe's | Coralville | $2,999,000 | 5.25% | $157,464 | 9.3 yrs | 2015 | Absolute NNN | Get full property data |
Showing 24 of 75 observed Iowa listings: the newest from each tenant first, then each tenant’s next newest. 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.
Iowa NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a full credit rating, cap rate and inventory profile; the rest are tracked here at the state level until they earn a page of their own.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| Dollar General | 11 | 8.00% | 6.50% to 9.00% | $0.97M | Dollar General NNN for sale |
| Ts Bank | 5 | 8.25% | 7.50% to 8.25% | $3.22M | |
| Walgreens | 5 | 8.00% | 6.50% to 8.00% | $4.45M | Walgreens NNN for sale |
| Arby's | 4 | 5.79% | 5.50% to 6.00% | $1.94M | Arby's NNN for sale |
| Maverik | 3 | 6.04% | 5.65% to 6.25% | $4.22M | |
| Caliber Collision | 2 | 6.64% | 6.50% to 6.78% | $1.78M | |
| CVS | 2 | 7.00% | 5.75% to 8.25% | $3.40M | CVS NNN for sale |
| Dutch Bros | 2 | 5.50% | 5.50% to 5.50% | $3.22M | Dutch Bros NNN for sale |
| Hardee's | 2 | 7.88% | 7.25% to 8.50% | $1.18M | |
| 7 Brew | 1 | 6.26% | 6.26% to 6.26% | $1.89M | |
| Abelardo's Mexican Fresh | 1 | 8.00% | 8.00% to 8.00% | $0.53M | |
| Aldi and Trader Joe's | 1 | 5.25% | 5.25% to 5.25% | $3.00M | |
| Amazon | 1 | n/a | n/a | $13.23M | Amazon NNN for sale |
| Bartini's | 1 | 7.35% | 7.35% to 7.35% | $0.73M | |
| Boulder Tap | 1 | 7.50% | 7.50% to 7.50% | $2.35M | |
| Burger King | 1 | 6.25% | 6.25% to 6.25% | $1.54M | Burger King NNN for sale |
| Burlington | 1 | 7.25% | 7.25% to 7.25% | $6.83M | |
| Byrider | 1 | 8.00% | 8.00% to 8.00% | $3.06M | |
| Chipotle | 1 | 5.00% | 5.00% to 5.00% | n/a | Chipotle NNN for sale |
| Christian Brothers Automotive | 1 | 6.00% | 6.00% to 6.00% | $4.14M | |
| DaVita | 1 | 6.24% | 6.24% to 6.24% | $2.75M | DaVita NNN for sale |
| Dollar Tree | 1 | 7.50% | 7.50% to 7.50% | $1.20M | Dollar Tree NNN for sale |
| Everbrook Academy | 1 | 6.50% | 6.50% to 6.50% | $7.15M | |
| Family Dollar | 1 | 10.00% | 10.00% to 10.00% | $1.23M | Family Dollar NNN for sale |
| Fastenal | 1 | 6.00% | 6.00% to 6.00% | $0.56M | |
| Foundation Building Materials | 1 | 6.00% | 6.00% to 6.00% | $8.83M | |
| Furniture Mart Usa | 1 | 6.75% | 6.75% to 6.75% | $3.91M | |
| Huhot Mongolian Grill | 1 | 7.22% | 7.22% to 7.22% | $2.90M | |
| Hy-Vee | 1 | 7.25% | 7.25% to 7.25% | $5.33M | |
| Inc. | 1 | n/a | n/a | $3.25M | |
| Shell and Jiffy Lube | 1 | 6.00% | 6.00% to 6.00% | $1.33M | Shell and Jiffy Lube NNN for sale |
| Kindercare Learning Center | 1 | 7.50% | 7.50% to 7.50% | $3.81M | |
| Mega Saver | 1 | 7.50% | 7.50% to 7.50% | $3.40M | |
| New Creations | 1 | 7.00% | 7.00% to 7.00% | $5.60M | |
| New Creations Child Care | 1 | 7.50% | 7.50% to 7.50% | $4.37M | |
| Quickvisit Urgent Care | 1 | 6.30% | 6.30% to 6.30% | $1.62M | |
| Raising Cane's | 1 | 4.75% | 4.75% to 4.75% | $3.16M | |
| Red Lobster | 1 | 7.75% | 7.75% to 7.75% | $5.19M | |
| Scooter's Coffee | 1 | 6.15% | 6.15% to 6.15% | $0.83M | |
| Slim Chickens | 1 | 6.00% | 6.00% to 6.00% | $3.83M |
Tenants with the most Iowa listings observed (top 40 of 45). Tenants with a linked page have a full credit and inventory profile; 34 of the 75 listings belong to tenants with a profile page.
Iowa NNN Properties by Category
- Dollar Store NNN properties for sale (13 in Iowa across 3 tenants)
- QSR NNN properties for sale (8 in Iowa across 4 tenants)
- Pharmacy NNN properties for sale (7 in Iowa across 2 tenants)
- Healthcare NNN properties for sale (1 in Iowa across 1 tenant)
- Auto Parts and Service NNN properties for sale (1 in Iowa across 1 tenant)
Counts cover all observed listings from tenants with a profile page; the category pages aggregate the same tenants nationally.
Iowa NNN Properties by City
The cities with the most observed Iowa listings are Cedar Rapids (7), Sioux City (7), Ankeny (4). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Cedar Rapids | 7 | 7.25% | $3.57M |
| Sioux City | 7 | 5.77% | $3.11M |
| Ankeny | 4 | 6.87% | $3.50M |
| Des Moines | 4 | 6.78% | $1.22M |
| Council Bluffs | 3 | 6.50% | $6.25M |
| Marion | 3 | 7.35% | $2.05M |
| Clive | 2 | 6.20% | $4.76M |
| Creston | 2 | 8.19% | $0.83M |
| Decorah | 2 | 6.50% | $3.67M |
| Iowa City | 2 | 9.04% | $4.34M |
| Waukee | 2 | 6.50% | $4.71M |
| West Des Moines | 2 | 6.63% | $4.28M |
| Albia | 1 | 7.25% | $1.21M |
| Ames | 1 | n/a | $3.25M |
| Atlantic | 1 | 7.50% | $3.22M |
| Bettendorf | 1 | 6.26% | $1.89M |
| Coralville | 1 | 5.25% | $3.00M |
| Corning | 1 | 7.50% | $2.54M |
| Davenport | 1 | 6.00% | $1.20M |
| Denison | 1 | 6.25% | $1.54M |
Cities with the most Iowa listings observed (top 20 of 47). Tap a city to filter the full listing browser.
How Iowa Prices Against the National NNN Market
The Iowa median asking cap rate of 7.00% sits 65 bps above the national median of 6.35%. A state median reflects both location and which tenants happen to be on the market, so the state median alone is not a like-for-like price comparison. Compare any listing with its tenant’s national cap rate bands on the tenant page before reading the state spread as a discount or a premium; the investment grade guide explains how tenant credit sets the floor under those bands.
Iowa Taxes and the 1031 Exchange Buyer
General information, not tax or legal advice. State income tax, real estate transfer tax and property tax assessment rules differ by state, and sometimes by county or city, and they affect both your exchange and what a replacement tenant could afford in rent. Confirm the rules that apply to your property with your CPA, tax attorney and qualified intermediary before you rely on them. 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)). Ask your qualified intermediary to confirm your exact dates, and use the full listing browser above to filter Iowa inventory by tenant and city, or each tenant page for national inventory on the same credit.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Iowa across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. A listing counts while it is actively marketed; listings marked under contract, pending, on hold or closed are excluded, as are listings priced under $150,000. Medians use published asking prices and cap rates (where a cap rate is not stated, it is computed from the published NOI and price), so they describe what sellers are asking, not closed sale prices. The same-tenant comparison takes each tenant’s median asking cap rate in Iowa and compares it with that tenant’s median in other states, for tenants with at least three Iowa listings and five listings elsewhere, weighted by Iowa listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Iowa
How many NNN properties are for sale in Iowa right now?
As of October 30, 2026, 75 single-tenant net lease properties are observed for sale in Iowa across 45 tenants and 47 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Iowa NNN properties asking?
The median asking cap rate across observed Iowa listings is 7.00%, with the middle half of listings between 6.00% and 7.88%. That median is 65 bps above the national median of 6.35%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenants have the most NNN listings in Iowa?
The tenants with the most observed Iowa listings right now are Dollar General (11), Ts Bank (5), Walgreens (5). The tenant table above lists the top 40.
Which Iowa cities have the most NNN properties for sale?
The cities with the most observed listings are Cedar Rapids (7), Sioux City (7), Ankeny (4). The city table above lists the top 20 and filters the full listing browser.
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.
NNN Properties For Sale in Other States
- NNN properties for sale in Arizona (158 listings)
- NNN properties for sale in California (446 listings)
- NNN properties for sale in Colorado (161 listings)
- NNN properties for sale in Florida (689 listings)
- NNN properties for sale in Georgia (318 listings)
- NNN properties for sale in Illinois (330 listings)
- NNN properties for sale in Indiana (195 listings)
- NNN properties for sale in Louisiana (143 listings)
- NNN properties for sale in Maryland (55 listings)
- NNN properties for sale in Michigan (268 listings)
- NNN properties for sale in Mississippi (88 listings)
- NNN properties for sale in Missouri (149 listings)
- NNN properties for sale in Nevada (63 listings)
- NNN properties for sale in New Hampshire (20 listings)
- NNN properties for sale in New Jersey (75 listings)
- NNN properties for sale in New York (186 listings)
- NNN properties for sale in North Carolina (285 listings)
- NNN properties for sale in South Dakota (12 listings)
- NNN properties for sale in Tennessee (218 listings)
- NNN properties for sale in Texas (935 listings)
- NNN properties for sale in Utah (53 listings)
- NNN properties for sale in Washington (92 listings)
- NNN properties for sale in Wisconsin (130 listings)
- NNN properties for sale in Wyoming (12 listings)
Browse NNN Properties For Sale by Tenant and Category
- All NNN properties for sale by tenant
- NNN restaurants for sale
- Dollar store NNN properties for sale
- Pharmacy NNN properties for sale
- Gas station and c-store NNN properties for sale
- Search every Iowa listing in the full NNN search
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,410 1031 exchange NNN properties for sale nationally, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date (including extensions) if that comes first (IRC 1031(a)(3); Treas. Reg. 1.1031(k)-1(b)(2)). General information, not tax or legal advice.
