65 NNN properties are observed for sale in Massachusetts across 44 tenants and 48 cities as of October 30, 2026, at a median asking cap rate of 6.40%, 5 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 Massachusetts prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Massachusetts run from 4.00% to 8.50%, with the middle half of listings between 6.00% and 7.00%. Median asking price $4.41M (median $564 per SF). Average remaining lease term 10.7 years among 22 listings that state a term. 2 listings report a 2026 build year. 29 listings were first observed and 24 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
- 65 NNN listings are observed in Massachusetts, the 32nd largest inventory of the 50 states with listings.
- The median asking cap rate of 6.40% is 5 basis points above the national median. That is the 28th highest median asking cap rate among the 50 states with observed listings.
- The median Massachusetts listing was first observed 97 days ago (tracking began July 25, 2026, so listings marketed before then may have been on the market longer); 29 were first observed and 24 dropped off active tracking in the last 90 days.
NNN Properties For Sale in Massachusetts: Latest Listings
Up to twenty-four single-tenant net lease properties in Massachusetts with published pricing, the newest from each tenant first so the table reflects the whole Massachusetts market rather than one or two active tenants. Below the table, the full listing browser carries every observed Massachusetts 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 | |
|---|---|---|---|---|---|---|---|---|
| Raising Cane's | Fall River | $4,285,714 | 5.25% | $225,000 | n/a | 2025 | Not stated | Get full property data |
| CVS | Boston | $7,030,417 | 6.00% | $421,825 | n/a | 1999 | Not stated | Get full property data |
| Chipotle | Gardner | $1,900,000 | 5.53% | $105,000 | n/a | 2024 | Not stated | Get full property data |
| Terrain | Wayland | $14,000,000 | 6.50% | $909,494 | n/a | 1961 | Not stated | Get full property data |
| Wendy's | Hyannis | $3,150,000 | 5.00% | $157,500 | n/a | 1983 | Not stated | Get full property data |
| Firestone | West Springfield | $2,756,000 | 6.75% | $186,032 | n/a | 1948 | Not stated | Get full property data |
| J.P. Licks | Boston | $1,695,213 | 6.10% | $103,408 | n/a | 2018 | Not stated | Get full property data |
| Next Generation Children's Centers | Walpole | $15,666,204 | 6.15% | $963,472 | n/a | 2008 | Not stated | Get full property data |
| Commonwealth of Massachusetts | Boston | $17,034,000 | 7.25% | $1,234,970 | n/a | 1903 | Not stated | Get full property data |
| Bright Horizons | Waltham | $5,000,000 | 6.75% | $337,500 | n/a | 2004 | Not stated | Get full property data |
| 7-Eleven | Worcester | $1,818,000 | 6.00% | $109,080 | n/a | 1965 | Not stated | Get full property data |
| Kohl's | Danvers | $20,775,000 | 7.50% | $1,557,750 | n/a | 2001 | Not stated | Get full property data |
| Chick-fil-A | Danvers | $7,225,000 | 4.50% | $325,000 | n/a | 2026 | Not stated | Get full property data |
| JPMorgan Chase | Hadley | $2,500,000 | 5.00% | $125,000 | n/a | 2025 | Not stated | Get full property data |
| Dollar General | Hyannis | $3,252,000 | 5.00% | $162,583 | n/a | 2020 | Not stated | Get full property data |
| Social Security Administration | East Falmouth | $2,217,000 | 7.75% | $166,867 implies 7.53%; verify | n/a | 2001 | Not stated | Get full property data |
| Advance Auto Parts | Whitinsville | $1,755,000 | 7.25% | $127,260 | 6.3 yrs | 2007 | NNN | Get full property data |
| ConvenientMD | Falmouth | $3,552,920 | 6.85% | $243,375 | 7.6 yrs | 2018 | NNN | Get full property data |
| Applebee's | Worcester | $1,475,000 | 6.50% | $95,721 | n/a | 1999 | Absolute NNN | Get full property data |
| Five Guys | Boston | $2,678,000 | 6.66% | $186,328 implies 6.96%; verify | 10.0 yrs | 2012 | NNN | Get full property data |
| Teamshares | Harwich | $4,288,929 | 7.00% | $300,225 | n/a | 2005 | Not stated | Get full property data |
| Verizon | Southwick | $350,000 | 8.00% | $28,000 | n/a | 1970 | NNN | Get full property data |
| Taco John's | Leominster | $3,500,000 | 6.46% | $226,000 | 8.0 yrs | 1970 | Absolute NNN | Get full property data |
| Walgreens | Maynard | $8,000,000 | 7.81% | $625,000 | 8.3 yrs | 2009 | NNN | Get full property data |
Showing 24 of 65 observed Massachusetts 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.
Massachusetts 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 | |
|---|---|---|---|---|---|
| CVS | 8 | 6.25% | 6.00% to 7.50% | $6.72M | CVS NNN for sale |
| Next Generation Children's Centers | 7 | 6.15% | 6.15% to 6.40% | $10.73M | |
| Chick-fil-A | 3 | 4.25% | 4.00% to 4.50% | $7.23M | Chick-fil-A NNN for sale |
| JPMorgan Chase | 3 | 5.00% | 5.00% | $2.90M | JPMorgan Chase NNN for sale |
| Advance Auto Parts | 2 | 7.25% | 7.25% | $1.92M | Advance Auto Parts NNN for sale |
| Chipotle | 2 | 5.49% | 5.45% to 5.53% | $2.28M | Chipotle NNN for sale |
| Firestone | 2 | 6.05% | 5.35% to 6.75% | $4.18M | Firestone NNN for sale |
| 110 Grill | 1 | n/a | 7.00% | $4.81M | |
| 7-Eleven | 1 | n/a | 6.00% | $1.82M | 7-Eleven NNN for sale |
| Applebee's | 1 | n/a | 6.50% | $1.48M | Applebee's NNN for sale |
| Best Friends Pet Care | 1 | n/a | 8.25% | $4.41M | |
| Boost Mobile | 1 | n/a | 8.50% | $0.40M | |
| Bravo Auto Sales & Service, Inc | 1 | n/a | n/a | $1.15M | |
| Bright Horizons | 1 | n/a | 6.75% | $5.00M | |
| Cadence Academy | 1 | n/a | 6.75% | $6.02M | |
| Commonwealth of Massachusetts | 1 | n/a | 7.25% | $17.03M | |
| ConvenientMD | 1 | n/a | 6.85% | $3.55M | |
| CVS Pharmacy & Cumberland Farms | 1 | n/a | 6.00% | $9.36M | |
| Dollar General | 1 | n/a | 5.00% | $3.25M | Dollar General NNN for sale |
| Dollar Tree | 1 | n/a | 7.50% | $1.92M | Dollar Tree NNN for sale |
| Five Guys | 1 | n/a | 6.66% | $2.68M | |
| J.P. Licks | 1 | n/a | 6.10% | $1.70M | |
| Kohl's | 1 | n/a | 7.50% | $20.78M | Kohl's NNN for sale |
| Market Basket | 1 | n/a | n/a | $2.25M | |
| Massis Staffing | 1 | n/a | n/a | $0.73M | |
| Miracle Method | 1 | n/a | n/a | $0.60M | |
| Moe's Southwest Grille | 1 | n/a | n/a | $1.95M | |
| Patriot | 1 | n/a | 5.00% | $2.50M | |
| Raising Cane's | 1 | n/a | 5.25% | $4.29M | |
| Santander Bank | 1 | n/a | n/a | $2.90M | |
| Social Security Administration | 1 | n/a | 7.75% | $2.22M | |
| Spire Orthopedic Partners | 1 | n/a | 7.00% | $27.60M | |
| Stop & Shop | 1 | n/a | 7.00% | $9.00M | |
| Taco John's | 1 | n/a | 6.46% | $3.50M | |
| Teamshares | 1 | n/a | 7.00% | $4.29M | |
| Terrain | 1 | n/a | 6.50% | $14.00M | |
| TESO Life | 1 | n/a | 6.00% | $13.18M | |
| The Learning Experience | 1 | n/a | 7.24% | $6.80M | |
| Topgolf | 1 | n/a | 7.00% | $58.33M | |
| United Veterinary Care | 1 | n/a | 7.00% | $25.18M |
Tenants with the most Massachusetts listings observed (top 40 of 44). Tenants with a linked page have a full credit and inventory profile; 28 of the 65 listings belong to tenants with a profile page.
Massachusetts NNN Properties by Category
- Pharmacy NNN properties for sale (9 in Massachusetts across 2 tenants)
- QSR NNN properties for sale (6 in Massachusetts across 3 tenants)
- Auto Parts and Service NNN properties for sale (4 in Massachusetts across 2 tenants)
- Bank Branch NNN properties for sale (3 in Massachusetts across 1 tenant)
- Dollar Store NNN properties for sale (2 in Massachusetts across 2 tenants)
- Gas Station and C-Store NNN properties for sale (1 in Massachusetts across 1 tenant)
- Casual Dining NNN properties for sale (1 in Massachusetts across 1 tenant)
Counts cover all observed listings from tenants with a profile page; the category pages aggregate the same tenants nationally.
Massachusetts NNN Properties by City
The cities with the most observed Massachusetts listings are Boston (8), Worcester (4), Danvers (3) and Wayland (3). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Boston | 8 | 6.05% | $7.44M |
| Worcester | 4 | 6.25% | $1.60M |
| Danvers | 3 | 5.35% | $11.20M |
| Wayland | 3 | 6.38% | $7.77M |
| Andover | 2 | 5.58% | $6.52M |
| Hyannis | 2 | 5.00% | $3.20M |
| Springfield | 2 | 4.85% | $3.55M |
| Beverly | 1 | n/a | $9.93M |
| Braintree | 1 | n/a | $4.81M |
| Canton | 1 | n/a | $58.33M |
| Chicopee | 1 | n/a | $0.60M |
| Clinton | 1 | n/a | $4.08M |
| East Bridgewater | 1 | n/a | $6.02M |
| East Falmouth | 1 | n/a | $2.22M |
| Fall River | 1 | n/a | $4.29M |
| Falmouth | 1 | n/a | $3.55M |
| Framingham | 1 | n/a | $0.58M |
| Gardner | 1 | n/a | $1.90M |
| Hadley | 1 | n/a | $2.50M |
| Harwich | 1 | n/a | $4.29M |
Cities with the most Massachusetts listings observed (top 20 of 48). Tap a city to filter the full listing browser.
How Massachusetts Prices Against the National NNN Market
The Massachusetts median asking cap rate of 6.40% sits 5 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.
Massachusetts 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 Massachusetts 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 Massachusetts 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 Massachusetts and compares it with that tenant’s median in other states, for tenants with at least three Massachusetts listings and five listings elsewhere, weighted by Massachusetts listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Massachusetts
How many NNN properties are for sale in Massachusetts right now?
As of October 30, 2026, 65 single-tenant net lease properties are observed for sale in Massachusetts across 44 tenants and 48 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Massachusetts NNN properties asking?
The median asking cap rate across observed Massachusetts listings is 6.40%, with the middle half of listings between 6.00% and 7.00%. That median is 5 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 Massachusetts?
The tenants with the most observed Massachusetts listings right now are CVS (8), Next Generation Children’s Centers (7), Chick-fil-A (3) and JPMorgan Chase (3). The tenant table above lists the top 40.
Which Massachusetts cities have the most NNN properties for sale?
The cities with the most observed listings are Boston (8), Worcester (4), Danvers (3) and Wayland (3). 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 Alabama (209 listings)
- NNN properties for sale in Arizona (158 listings)
- NNN properties for sale in Arkansas (147 listings)
- NNN properties for sale in California (446 listings)
- NNN properties for sale in Colorado (161 listings)
- NNN properties for sale in Connecticut (52 listings)
- NNN properties for sale in Delaware (9 listings)
- NNN properties for sale in Florida (689 listings)
- NNN properties for sale in Georgia (318 listings)
- NNN properties for sale in Idaho (47 listings)
- NNN properties for sale in Illinois (330 listings)
- NNN properties for sale in Indiana (195 listings)
- NNN properties for sale in Iowa (75 listings)
- NNN properties for sale in Kansas (84 listings)
- NNN properties for sale in Kentucky (119 listings)
- NNN properties for sale in Louisiana (143 listings)
- NNN properties for sale in Maine (19 listings)
- NNN properties for sale in Maryland (55 listings)
- NNN properties for sale in Michigan (268 listings)
- NNN properties for sale in Minnesota (133 listings)
- NNN properties for sale in Mississippi (88 listings)
- NNN properties for sale in Missouri (149 listings)
- NNN properties for sale in Montana (17 listings)
- NNN properties for sale in Nebraska (24 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 Mexico (85 listings)
- NNN properties for sale in New York (186 listings)
- NNN properties for sale in North Carolina (285 listings)
- NNN properties for sale in North Dakota (16 listings)
- NNN properties for sale in Ohio (338 listings)
- NNN properties for sale in Oklahoma (146 listings)
- NNN properties for sale in Oregon (74 listings)
- NNN properties for sale in Pennsylvania (237 listings)
- NNN properties for sale in Rhode Island (6 listings)
- NNN properties for sale in South Carolina (187 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 Vermont (14 listings)
- NNN properties for sale in Virginia (177 listings)
- NNN properties for sale in Washington (92 listings)
- NNN properties for sale in West Virginia (37 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 Massachusetts listing in the full NNN search
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,408 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.
