Home › NNN Properties For Sale › Michigan › Oakland County
22 NNN properties are observed for sale in Oakland County, Michigan across 20 tenants and 16 towns as of November 9, 2026, at a median asking cap rate of 7.00%, 24 basis points above the Michigan median of 6.76%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, places each listing in its county from its mapped location, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and towns carry the inventory, what it is asking, how Oakland County prices against Michigan and the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Oakland County run from 4.50% to 8.50%, with the middle half of listings between 6.30% and 7.48%. Median asking price $5.07M (median $393 per SF). Average remaining lease term 8.2 years among 8 listings that state a term. 1 listing reports a 2026 build year. 5 listings were first observed and 11 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Oakland County vs Michigan and the National NNN Market
| Measure | Oakland County | Michigan | United States |
|---|---|---|---|
| Observed listings | 22 | 268 | 7,398 |
| Median asking cap rate | 7.00% | 6.76% | 6.35% |
| Middle half of asking cap rates | 6.30% to 7.48% | 6.50% to 7.64% | 5.70% to 7.15% |
| Median asking price | $5.07M | $1.81M | $2.77M |
| Average remaining lease term (listings stating a term) | 8.2 yrs | 8.3 yrs | 10.1 yrs |
| Listings with an investment grade rated tenant brand or parent company | 27% | 20% | 25% |
All three columns use the same listing rules. A county median reflects both location and which tenants are on the market, so compare any listing with its tenant’s cap rate range before reading a gap as a discount or a premium.
NNN Properties For Sale in Oakland County: Latest Listings
Up to twenty-four single-tenant net lease properties in Oakland County with published pricing, the newest from each tenant first. Below the table, the full listing browser carries every observed Oakland County listing with tenant, town, 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 | Town | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Whitewater Express Car Wash | Lake Orion | $5,335,000 | 6.20% | $330,687 | n/a | 2025 | Not stated | Get full property data |
| Everbrook Academy | Novi | $6,869,072 | 6.75% | $463,662 | n/a | 2017 | Not stated | Get full property data |
| CVS | Waterford | $5,070,560 | 7.50% | $380,292 | n/a | 2009 | Not stated | Get full property data |
| Montessori Kids Universe | Commerce Township | $5,510,000 | 7.50% | $413,280 | n/a | 2023 | Not stated | Get full property data |
| Bubba's 33 | Auburn Hills | $2,700,000 | 5.00% | $135,000 | n/a | 2002 | Not stated | Get full property data |
| Chick-fil-A | Orion Township | $3,888,888 | 4.50% | $175,000 | 15.0 yrs | 2026 | Absolute NNN | Get full property data |
| Dollar Tree | Pontiac | $1,041,666 | 7.20% | $75,000 | n/a | 2017 | Not stated | Get full property data |
| ATI Physical Therapy | Keego Harbor | $691,000 | 8.50% | $57,797 | 3.0 yrs | 1995 | NNN | Get full property data |
| TI Automotive | Auburn Hills | $56,409,000 | 6.75% | $3,807,594 | n/a | 2016 | Not stated | Get full property data |
| Magna Electronics | Southfield | $43,400,000 | 8.01% | $3,474,824 | 7.9 yrs | 2019 | Absolute NNN | Get full property data |
| PPG Paints | Southfield | $1,886,000 | 7.50% | n/a | 7.9 yrs | n/a | NN | Get full property data |
| Lightbridge Academy | Troy | $7,230,315 | 7.00% | $506,122 | n/a | 1985 | Not stated | Get full property data |
| Applebee's | Commerce Township | $3,607,742 | 7.00% | $252,542 | 1.8 yrs | 1997 | Absolute NNN | Get full property data |
| Burger King | Walled Lake | $1,450,000 | 6.60% | n/a | n/a | 1983 | NNN | Get full property data |
| LongHorn Steakhouse | Troy | $3,739,131 | 5.75% | $215,000 | n/a | 2022 | Absolute NNN | Get full property data |
| BIGGBY Coffee | Village of Clarkston | $2,150,000 | 7.26% | n/a | n/a | 2025 | Not stated | Get full property data |
| CVS | Farmington Hills | $5,950,000 | 6.00% | $357,000 | 8.5 yrs | 2008 | Absolute NNN | Get full property data |
Showing 17 of 22 observed Oakland County 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.
Oakland County NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a profile covering credit rating status, cap rates and inventory.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| CVS | 2 | 6.75% | 6.00% to 7.50% | $5.51M | CVS NNN for sale |
| Tractor Supply | 2 | n/a | n/a | $5.29M | Tractor Supply NNN for sale |
| Applebee's | 1 | n/a | 7.00% | $3.61M | Applebee's NNN for sale |
| ATI Physical Therapy | 1 | n/a | 8.50% | $0.69M | ATI Physical Therapy NNN for sale |
| BIGGBY Coffee | 1 | n/a | 7.26% | $2.15M | |
| Bubba's 33 | 1 | n/a | 5.00% | $2.70M | |
| Burger King | 1 | n/a | 6.60% | $1.45M | Burger King NNN for sale |
| Chick-fil-A | 1 | n/a | 4.50% | $3.89M | Chick-fil-A NNN for sale |
| Dollar Tree | 1 | n/a | 7.20% | $1.04M | Dollar Tree NNN for sale |
| Everbrook Academy | 1 | n/a | 6.75% | $6.87M | |
| Guardian Dentistry Partners | 1 | n/a | 7.42% | n/a | |
| Lightbridge Academy | 1 | n/a | 7.00% | $7.23M | |
| LongHorn Steakhouse | 1 | n/a | 5.75% | $3.74M | LongHorn Steakhouse NNN for sale |
| Magna Electronics | 1 | n/a | 8.01% | $43.40M | |
| Montessori Kids Universe | 1 | n/a | 7.50% | $5.51M | |
| PPG Paints | 1 | n/a | 7.50% | $1.89M | |
| The Tile Shop | 1 | n/a | n/a | $4.75M | |
| TI Automotive | 1 | n/a | 6.75% | $56.41M | |
| Whitewater Express Car Wash | 1 | n/a | 6.20% | $5.34M | |
| Woodland Airstream | 1 | n/a | n/a | $8.75M |
Tenants with the most Oakland County listings observed (all 20).
Tenant Credit in Oakland County
6 of 22 observed Oakland County listings (27%) are leased to tenant brands whose own or parent company’s verified S&P, Moody’s or Fitch rating is investment grade (BBB‑ or Baa3 and above) in the Investment Grade ratings database, compared with 20% across Michigan and 25% nationally. Brands not yet in the ratings database count as not rated, so the share is a floor. A franchised location may be leased to a franchisee rather than the rated company, so confirm the tenant and any guarantee in the lease. Ratings and outlooks by tenant are on the investment grade credit tenant ratings page.
Oakland County NNN Properties by Town
No single town leads: several towns are tied for the most observed Oakland County listings, at 2 each. Tap any town in the table to filter the full listing browser to that town.
| Town | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Auburn Hills | 2 | 5.88% | $29.55M |
| Commerce Township | 2 | 7.25% | $4.56M |
| Novi | 2 | 7.09% | $6.87M |
| Southfield | 2 | 7.76% | $22.64M |
| Troy | 2 | 6.38% | $5.48M |
| Village of Clarkston | 2 | n/a | $5.45M |
| Farmington | 1 | n/a | $4.75M |
| Farmington Hills | 1 | n/a | $5.95M |
| Keego Harbor | 1 | n/a | $0.69M |
| Lake Orion | 1 | n/a | $5.34M |
| New Hudson | 1 | n/a | $5.39M |
| Orion Township | 1 | n/a | $3.89M |
| Pontiac | 1 | n/a | $1.04M |
| Walled Lake | 1 | n/a | $1.45M |
| Waterford | 1 | n/a | $5.07M |
| White Lake | 1 | n/a | $5.20M |
Towns as named in each listing (all 16).
Oakland County Economy at a Glance
| Measure | Value | Period | Source |
|---|---|---|---|
| Resident population | 1,288,337 (+1.2% since 2020) | 2025 | FRED MIOAKL5POP, U.S. Census Bureau |
| Unemployment rate (not seasonally adjusted) | 4.7% | September 2026 | FRED MIOAKL5URN, U.S. Bureau of Labor Statistics |
| Per capita personal income | $93,579 | 2024 | FRED PCPI26125, U.S. Bureau of Economic Analysis |
Latest published figures from FRED, Federal Reserve Bank of St. Louis, with the original publisher named. Each figure shows its own period and refreshes automatically when a new period is published.
NNN Properties in Counties Bordering Oakland County
- NNN properties for sale in Wayne County, Michigan (41 listings)
- NNN properties for sale in Macomb County, Michigan (18 listings)
- NNN properties for sale in Genesee County, Michigan (13 listings)
- NNN properties for sale in Washtenaw County, Michigan (4 listings)
- NNN properties for sale in Livingston County, Michigan (2 listings)
- NNN properties for sale in Lapeer County, Michigan (1 listing)
Counties that share a boundary with Oakland County, including boundaries along rivers and inland lakes (not open Great Lakes waters), by observed listings with a confirmed county. Bordering counties with no observed listings are not shown, and counties without their own page yet are listed for reference.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Oakland County, Michigan across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. Each listing is placed in its county from its mapped location using U.S. Census Bureau county boundaries and, where possible, confirmed against its street address through the Census Bureau geocoder or the county named in the listing; a listing whose county cannot be confirmed is left off this page but stays on the Michigan page. 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 published cap rates; listings without a published cap rate are left out of cap rate figures. These figures describe what sellers are asking, not closed sale prices, and an auction listing may show its starting bid as the asking price. The Michigan and national comparisons use the same rules. Tenant credit uses verified ratings in the Investment Grade ratings database.
Frequently Asked Questions: NNN Properties For Sale in Oakland County
How many NNN properties are for sale in Oakland County, Michigan?
As of November 9, 2026, 22 single-tenant net lease properties are observed for sale in Oakland County across 20 tenants and 16 towns. The count updates automatically as listings are added and withdrawn.
What cap rates are Oakland County NNN properties asking?
The median asking cap rate is 7.00%, with the middle half of listings between 6.30% and 7.48%. Asking cap rates describe what sellers are asking, not closed sale prices.
How does Oakland County compare with the rest of Michigan?
The Oakland County median asking cap rate of 7.00% sits 24 basis points above the Michigan median of 6.76%. A county median reflects both location and which tenants are on the market, so compare a listing with its tenant’s cap rate range before reading the gap as a discount or a premium.
Which tenants have the most Oakland County NNN listings?
The tenants with the most observed listings are CVS (2) and Tractor Supply (2), then 18 other tenants with 1 listing each.
Which towns in Oakland County have the most NNN listings?
No single town leads: several towns are tied for the most observed listings, at 2 each. Tap a town in the town table to filter the listing browser.
More NNN Markets
- NNN properties for sale in Michigan, with Michigan transfer and property tax notes
- All NNN properties for sale by tenant
- 1031 exchange rules and replacement property strategy
- What a cap rate is and how to read one
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,398 NNN properties observed for sale nationally on the 1031 exchange properties page, 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.
