63 NNN properties are observed for sale in Nevada across 46 tenants and 12 cities as of October 30, 2026, at a median asking cap rate of 6.00%, 35 basis points below 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 Nevada prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Nevada run from 3.85% to 8.50%, with the middle half of listings between 5.00% and 6.81%. Median asking price $4.17M (median $874 per SF). Average remaining lease term 11.3 years among 13 listings that state a term. 13 listings report a 2026 build year. 28 listings were first observed and 21 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
- 63 NNN listings are observed in Nevada, the 33rd largest inventory of the 50 states with listings.
- The median asking cap rate of 6.00% is 35 basis points below the national median. That is tied for the 43rd highest median asking cap rate among the 50 states with observed listings.
- Comparing the same tenants, Nevada listings ask 36 basis points tighter than those tenants elsewhere (3 tenants, 14 Nevada listings), so part of the gap above reflects location and part reflects which tenants are on the market.
- The median Nevada listing was first observed 97 days ago (tracking began July 25, 2026, so listings marketed before then may have been on the market longer); 28 were first observed and 21 dropped off active tracking in the last 90 days.
NNN Properties For Sale in Nevada: Latest Listings
Up to twenty-four single-tenant net lease properties in Nevada with published pricing, the newest from each tenant first so the table reflects the whole Nevada market rather than one or two active tenants. Below the table, the full listing browser carries every observed Nevada 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 | |
|---|---|---|---|---|---|---|---|---|
| Green Valley Grocery | Las Vegas | $3,600,000 | 5.00% | $180,000 | n/a | n/a | Not stated | Get full property data |
| Chipotle | Las Vegas | $3,874,000 | 4.75% | $184,000 | n/a | 2026 | Not stated | Get full property data |
| Starbucks | Reno | $3,215,000 | 5.35% | $172,000 | n/a | 2026 | Not stated | Get full property data |
| La Petite Academy | North Las Vegas | $2,328,960 | 7.50% | $174,672 | n/a | 1997 | Not stated | Get full property data |
| McDonald's | North Las Vegas | $2,990,000 | 3.85% | $115,000 | n/a | 2026 | Not stated | Get full property data |
| Car Wash | Las Vegas | $4,500,000 | 6.00% | $270,000 | n/a | 2025 | Not stated | Get full property data |
| 7-Eleven | Fernley | $4,131,000 | 5.50% | $227,205 | n/a | 1981 | Not stated | Get full property data |
| Usa Auto Service | Las Vegas | $2,601,000 | 5.75% | $149,573 | n/a | 2026 | Not stated | Get full property data |
| Conoco | Las Vegas | $10,990,000 | 6.75% | $741,802 | n/a | 2026 | Not stated | Get full property data |
| Costa Vida | Las Vegas | $5,975,000 | 6.28% | $375,000 | n/a | 2025 | Not stated | Get full property data |
| Popeyes | Las Vegas | $3,300,000 | 5.00% | $165,000 | n/a | 2000 | Not stated | Get full property data |
| Kohl's | Elko | $5,052,000 | 7.75% | $391,539 | n/a | 1991 | Not stated | Get full property data |
| Bojangles | Las Vegas | $3,350,000 | 5.00% | $167,500 | n/a | 2025 | Not stated | Get full property data |
| 24 Hour Fitness | Las Vegas | $18,000,000 | 7.08% | $1,274,028 | n/a | 2003 | Not stated | Get full property data |
| Walgreens | Las Vegas | $3,282,352 | 8.50% | $279,000 | n/a | 1998 | Not stated | Get full property data |
| Sherwin-Williams | Pahrump | $3,330,435 | 5.75% | $191,500 | n/a | 2026 | Not stated | Get full property data |
| Hofbräuhaus | Las Vegas | $16,200,000 | 7.46% | $1,208,935 | n/a | 2004 | Not stated | Get full property data |
| Jared Jewelers | Henderson | $6,300,000 | 6.30% | $396,653 | n/a | 2001 | Not stated | Get full property data |
| O'Reilly Auto Parts | Carson City | $3,360,000 | 5.00% | $167,978 | n/a | 1960 | Not stated | Get full property data |
| Dotty's | Henderson | $2,100,000 | 5.67% | $119,121 | n/a | 1989 | Not stated | Get full property data |
| Luv Car Wash | Las Vegas | $5,723,312 | 6.25% | $357,707 | 16.0 yrs | 2020 | Absolute NNN | Get full property data |
| Slim Chickens | North Las Vegas | $4,363,000 | 5.50% | $240,000 | n/a | 2026 | Absolute NNN | Get full property data |
| Wow Carwash | Las Vegas | $7,900,000 | 6.00% | $473,982 | n/a | 2026 | Not stated | Get full property data |
| Rally's | North Las Vegas | $4,200,000 | 7.00% | $294,047 | n/a | 2026 | Not stated | Get full property data |
Showing 24 of 63 observed Nevada 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.
Nevada 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 | |
|---|---|---|---|---|---|
| Walgreens | 6 | 7.13% | 5.75% to 8.50% | $4.33M | Walgreens NNN for sale |
| 7-Eleven | 4 | 5.18% | 4.75% to 6.00% | $4.33M | 7-Eleven NNN for sale |
| Starbucks | 4 | 5.00% | 4.60% to 5.35% | $3.26M | Starbucks NNN for sale |
| Conoco | 3 | 6.75% | 6.50% to 7.50% | $7.73M | |
| Bojangles | 2 | 6.00% | 5.00% to 7.00% | $5.02M | |
| McDonald's | 2 | 4.10% | 3.85% to 4.35% | $3.18M | McDonald's NNN for sale |
| 24 Hour Fitness | 1 | 7.08% | 7.08% to 7.08% | $18.00M | 24 Hour Fitness NNN for sale |
| Better Buzz Coffee Roasters | 1 | 6.25% | 6.25% to 6.25% | $3.20M | |
| Black Bear Diner | 1 | 7.35% | 7.35% to 7.35% | $6.98M | |
| Charleys Cheesesteaks | 1 | 6.75% | 6.75% to 6.75% | $3.93M | |
| Chipotle | 1 | 4.75% | 4.75% to 4.75% | $3.87M | Chipotle NNN for sale |
| Circle K | 1 | 4.25% | 4.25% to 4.25% | $4.47M | Circle K NNN for sale |
| Costa Vida | 1 | 6.28% | 6.28% to 6.28% | $5.98M | |
| Dotty's | 1 | 5.67% | 5.67% to 5.67% | $2.10M | |
| El Pollo Loco | 1 | 4.50% | 4.50% to 4.50% | $2.93M | |
| Eos Fitness | 1 | 6.00% | 6.00% to 6.00% | $15.00M | |
| Green Cross Farmacy | 1 | n/a | n/a | $0.45M | |
| Green Valley Grocery | 1 | 5.00% | 5.00% to 5.00% | $3.60M | |
| Grocery Outlet | 1 | 7.00% | 7.00% to 7.00% | $6.60M | |
| Hofbräuhaus | 1 | 7.46% | 7.46% to 7.46% | $16.20M | |
| Jared Jewelers | 1 | 6.30% | 6.30% to 6.30% | $6.30M | |
| Shell and Jiffy Lube | 1 | 5.35% | 5.35% to 5.35% | $2.61M | Shell and Jiffy Lube NNN for sale |
| Kneader's Bakery | 1 | 5.50% | 5.50% to 5.50% | $3.68M | |
| Kohl's | 1 | 7.75% | 7.75% to 7.75% | $5.05M | Kohl's NNN for sale |
| La Casa De Juliette | 1 | 6.50% | 6.50% to 6.50% | $2.87M | |
| La Petite Academy | 1 | 7.50% | 7.50% to 7.50% | $2.33M | |
| Luv Car Wash | 1 | 6.25% | 6.25% to 6.25% | $5.72M | |
| O'Reilly Auto Parts | 1 | 5.00% | 5.00% to 5.00% | $3.36M | O'Reilly Auto Parts NNN for sale |
| Pep Boys | 1 | n/a | n/a | $3.50M | Pep Boys NNN for sale |
| Popeyes | 1 | 5.00% | 5.00% to 5.00% | $3.30M | Popeyes NNN for sale |
| Prescolaire Early Learning | 1 | 7.00% | 7.00% to 7.00% | $11.77M | |
| Rally's | 1 | 7.00% | 7.00% to 7.00% | $4.20M | |
| Red Lobster | 1 | 6.63% | 6.63% to 6.63% | $5.10M | |
| Ross Stores | 1 | 6.00% | 6.00% to 6.00% | $7.00M | |
| Sherwin-Williams | 1 | 5.75% | 5.75% to 5.75% | $3.33M | Sherwin-Williams NNN for sale |
| Sierra Meat & Seafood | 1 | 6.00% | 6.00% to 6.00% | $14.00M | |
| Slim Chickens | 1 | 5.50% | 5.50% to 5.50% | $4.36M | |
| Swig | 1 | 5.85% | 5.85% to 5.85% | $1.54M | |
| Terrible's Travel Center | 1 | 4.75% | 4.75% to 4.75% | $5.26M | |
| Tesla | 1 | 6.15% | 6.15% to 6.15% | $12.37M |
Tenants with the most Nevada listings observed (top 40 of 46). Tenants with a linked page have a full credit and inventory profile; 25 of the 63 listings belong to tenants with a profile page.
Nevada NNN Properties by Category
- QSR NNN properties for sale (8 in Nevada across 4 tenants)
- Pharmacy NNN properties for sale (6 in Nevada across 1 tenant)
- Gas Station and C-Store NNN properties for sale (5 in Nevada across 2 tenants)
- Auto Parts and Service NNN properties for sale (3 in Nevada across 3 tenants)
Counts cover all observed listings from tenants with a profile page; the category pages aggregate the same tenants nationally.
Nevada NNN Properties by City
The cities with the most observed Nevada listings are Las Vegas (32), North Las Vegas (11), Reno (6). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Las Vegas | 32 | 5.75% | $5.65M |
| North Las Vegas | 11 | 6.50% | $4.59M |
| Reno | 6 | 6.13% | $7.86M |
| Henderson | 5 | 6.00% | $5.84M |
| Pahrump | 2 | 5.75% | $2.26M |
| Carson City | 1 | 5.00% | $3.36M |
| Elko | 1 | 7.75% | $5.05M |
| Fallon | 1 | n/a | $0.45M |
| Fernley | 1 | 5.50% | $4.13M |
| Mesquite | 1 | 7.50% | $6.61M |
| Sparks | 1 | 8.00% | $4.69M |
| Winnemucca | 1 | 7.00% | $6.60M |
Cities with the most Nevada listings observed (all 12). Tap a city to filter the full listing browser.
How Nevada Prices Against the National NNN Market
The Nevada median asking cap rate of 6.00% sits 35 bps below 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.
Nevada 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 Nevada 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 Nevada 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 Nevada and compares it with that tenant’s median in other states, for tenants with at least three Nevada listings and five listings elsewhere, weighted by Nevada listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Nevada
How many NNN properties are for sale in Nevada right now?
As of October 30, 2026, 63 single-tenant net lease properties are observed for sale in Nevada across 46 tenants and 12 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Nevada NNN properties asking?
The median asking cap rate across observed Nevada listings is 6.00%, with the middle half of listings between 5.00% and 6.81%. That median is 35 bps below 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 Nevada?
The tenants with the most observed Nevada listings right now are Walgreens (6), 7-Eleven (4), Starbucks (4). The tenant table above lists the top 40.
Which Nevada cities have the most NNN properties for sale?
The cities with the most observed listings are Las Vegas (32), North Las Vegas (11), Reno (6). The city table above lists every city with an observed listing 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 Iowa (75 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 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 Nevada 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.
