NNN Properties For Sale in North Dakota (2026): Listings by Tenant, City and Cap Rate

16 NNN properties are observed for sale in North Dakota across 10 tenants and 14 cities as of October 30, 2026, at a median asking cap rate of 7.13%, 78 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 North Dakota prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.

Asking cap rates in North Dakota run from 5.75% to 9.00%, with the middle half of listings between 6.25% and 8.00%. Median asking price $1.77M (median $158 per SF). Average remaining lease term 9.1 years among 9 listings that state a term. 1 listing was first observed and 8 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

16 NNN listings are observed in North Dakota, the 43rd largest inventory of the 50 states with listings.
The median asking cap rate of 7.13% is 78 basis points above the national median. That median is based on 14 priced listings.
The median North Dakota listing has been observed since tracking began on July 25, 2026, so it may have been on the market longer; 1 was first observed and 8 dropped off active tracking in the last 90 days.

NNN Properties For Sale in North Dakota: Latest Listings

Up to twenty-four single-tenant net lease properties in North Dakota with published pricing, the newest from each tenant first so the table reflects the whole North Dakota market rather than one or two active tenants. Below the table, the full listing browser carries every observed North Dakota 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
Dollar General	New Rockford	$1,061,475	8.00%	$84,918	n/a	2018	Not stated	Get full property data
Burger King	Dickinson	$3,140,557	5.75%	$180,582	n/a	1994	NNN	Get full property data
The Bank of Tioga	Tioga	$3,250,000	8.25%	$261,936 implies 8.06%; verify	n/a	1954	Not stated	Get full property data
Take 5 Oil Change	Minot	$1,577,000	6.85%	$108,000	15.0 yrs	1959	Absolute NNN	Get full property data
Family Dollar	Kenmare	$1,493,333	9.00%	$134,400	7.5 yrs	n/a	NN	Get full property data
Starbucks	Grand Forks	$2,950,000	6.21%	$183,222	8.9 yrs	n/a	NNN	Get full property data
Dollar Tree	Stanley	$1,760,063	8.00%	$140,805	7.8 yrs	n/a	Net	Get full property data
FedEx	Williston	$5,836,032	6.25%	$364,752	6.3 yrs	2017	NN	Get full property data
Curaleaf	Jamestown	$1,775,000	6.00%	n/a	n/a	1970	Not stated	Get full property data
Dollar General	Mohall	$1,275,000	7.41%	$94,440	9.0 yrs	2020	Absolute NNN	Get full property data
The Bank of Tioga	Crosby	$3,350,000	7.50%	$244,800 implies 7.31%; verify	n/a	1963	Not stated	Get full property data
Burger King	Bismarck	$1,520,691	6.25%	$95,043	11.4 yrs	2017	Absolute NNN	Get full property data
Dollar General	Minot	$1,436,000	6.75%	$96,948	9.0 yrs	2020	Absolute NNN	Get full property data
Dollar General	Wahpeton	$1,454,611	8.00%	$116,369	7.3 yrs	1977	NN	Get full property data

Showing 14 of 16 observed North Dakota 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.

Filter by tenant, city, cap rate, price and term. Listings with undisclosed pricing included.

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.

North Dakota 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	4	7.71%	6.75% to 8.00%	$1.36M	Dollar General NNN for sale
Burger King	2	6.00%	5.75% to 6.25%	$2.33M	Burger King NNN for sale
Starbucks	2	n/a	6.21%	$2.48M	Starbucks NNN for sale
The Bank of Tioga	2	7.88%	7.50% to 8.25%	$3.30M
Curaleaf	1	n/a	6.00%	$1.78M
Dollar Tree	1	n/a	8.00%	$1.76M	Dollar Tree NNN for sale
Family Dollar	1	n/a	9.00%	$1.49M	Family Dollar NNN for sale
FedEx	1	n/a	6.25%	$5.84M	FedEx NNN for sale
Mavis Tires & Brakes	1	n/a	n/a	$2.60M
Take 5 Oil Change	1	n/a	6.85%	$1.58M

Tenants with the most North Dakota listings observed (all 10). Tenants with a linked page have a full credit and inventory profile; 11 of the 16 listings belong to tenants with a profile page.

North Dakota NNN Properties by Category

Counts cover all observed listings from tenants with a profile page; the category pages aggregate the same tenants nationally.

North Dakota NNN Properties by City

The cities with the most observed North Dakota listings are Minot (3), then 13 other cities with 1 listing each. Tap any city in the table to filter the full listing browser to that city.

City	Listings	Median Cap	Avg Asking Price
Minot	3	6.80%	$1.67M
Bismarck	1	n/a	$1.52M
Crosby	1	n/a	$3.35M
Dickinson	1	n/a	$3.14M
Fargo	1	n/a	$2.60M
Grand Forks	1	n/a	$2.95M
Jamestown	1	n/a	$1.78M
Kenmare	1	n/a	$1.49M
Mohall	1	n/a	$1.28M
New Rockford	1	n/a	$1.06M
Stanley	1	n/a	$1.76M
Tioga	1	n/a	$3.25M
Wahpeton	1	n/a	$1.45M
Williston	1	n/a	$5.84M

Cities with the most North Dakota listings observed (all 14). Tap a city to filter the full listing browser.

How North Dakota Prices Against the National NNN Market

The North Dakota median asking cap rate of 7.13% sits 78 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.

North Dakota 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 North Dakota inventory by tenant and city, or each tenant page for national inventory on the same credit.

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How These Figures Are Calculated

Figures cover single-tenant net lease properties observed for sale in North Dakota 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 North Dakota and compares it with that tenant’s median in other states, for tenants with at least three North Dakota listings and five listings elsewhere, weighted by North Dakota listing count. Days on market are measured from the date a listing was first observed.

Frequently Asked Questions: NNN Properties For Sale in North Dakota

How many NNN properties are for sale in North Dakota right now?

As of October 30, 2026, 16 single-tenant net lease properties are observed for sale in North Dakota across 10 tenants and 14 cities. The count updates automatically as listings are added and withdrawn.

What cap rates are North Dakota NNN properties asking?

The median asking cap rate across observed North Dakota listings is 7.13%, with the middle half of listings between 6.25% and 8.00%. That median is 78 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 North Dakota?

The tenants with the most observed North Dakota listings right now are Dollar General (4), Burger King (2), Starbucks (2) and The Bank of Tioga (2). The tenant table above lists every tenant with an observed listing.

Which North Dakota cities have the most NNN properties for sale?

The cities with the most observed listings are Minot (3), then 13 other cities with 1 listing each. 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

Browse NNN Properties For Sale by Tenant and Category

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.