915 NNN properties are observed for sale in Texas across 367 tenants and 338 cities as of October 23, 2026, at a median asking cap rate of 6.25%, 10 basis points below the national median of 6.35%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks every tenant against the investment grade threshold, and publishes the observations here: which tenants and cities carry the inventory, what it is asking, how Texas prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Texas run from 3.50% to 12.00%, with the middle half of listings between 5.65% and 7.00%. Median asking price $3.14M (median $602 per SF). Average remaining lease term 10.5 years among 290 listings that state a term. 117 listings report a 2026 build year. 477 listings came to market and 350 left the market in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Key findings, as of October 23, 2026
- 915 NNN listings are observed in Texas, the largest inventory of the 50 states with listings.
- The median asking cap rate of 6.25% is 10 basis points below the national median, the 34th widest gap from the national median among the 50 states.
- Comparing the same tenants, Texas listings ask 17 basis points tighter than those tenants elsewhere (53 tenants, 442 Texas listings), so part of the gap above reflects location and part reflects which tenants are on the market.
- The median Texas listing has been on the market 87 days; 477 came to market and 350 left the market in the last 90 days.
NNN Properties For Sale in Texas: Latest Listings
Up to twenty-four single-tenant net lease properties in Texas with published pricing, the newest from each tenant first so the table reflects the whole Texas market rather than one or two active tenants. Below the table, the full listing browser carries every observed Texas 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 | Bells | $1,601,930 | 6.00% | $96,116 | n/a | 2023 | Not stated | Get full property data |
| Inc. | Kenedy | $7,143,000 | 7.25% | n/a | n/a | 2026 | Not stated | Get full property data |
| Take 5 Oil Change | Mount Pleasant | $2,273,200 | 5.75% | $130,709 | n/a | 1993 | Not stated | Get full property data |
| Walgreens | Fort Worth | $4,120,000 | 5.37% | $221,168 | n/a | 1997 | Not stated | Get full property data |
| Taco Cabana | El Paso | $1,987,000 | 6.35% | $126,175 | n/a | 1994 | Not stated | Get full property data |
| Dollar Tree | Mansfield | $2,555,000 | 6.85% | $174,996 | n/a | 2026 | Not stated | Get full property data |
| Fractal Education Group | Houston | $2,945,704 | 6.75% | $198,835 | n/a | 1972 | Not stated | Get full property data |
| The Neighborhood Clinic | Katy | $4,900,000 | 7.30% | $357,662 | n/a | 2003 | Not stated | Get full property data |
| Goodyear | San Antonio | $4,400,000 | 6.23% | $273,900 | n/a | 1986 | Not stated | Get full property data |
| Quick Quack Car Wash | Saginaw | $4,855,000 | 5.50% | $267,100 | n/a | 2006 | Not stated | Get full property data |
| CAR Wash | Burleson | $5,060,000 | 5.50% | $278,335 | n/a | 2008 | Not stated | Get full property data |
| CVS | Granbury | $3,769,000 | 7.25% | $273,265 | n/a | 2005 | Not stated | Get full property data |
| Lubezone | Odessa | $1,796,832 | 7.04% | $126,497 | n/a | 1958 | Not stated | Get full property data |
| Popeyes | Lubbock | $2,400,000 | 5.50% | $132,000 | n/a | 2015 | Not stated | Get full property data |
| Bubba's 33 | Sherman | $3,700,000 | 5.00% | $185,000 | n/a | 2026 | Not stated | Get full property data |
| Family Dollar | Shelbyville | $1,208,125 | 8.00% | $96,650 | n/a | 2016 | Not stated | Get full property data |
| Dutch Bros | Austin | $2,200,000 | 4.50% | $99,000 | n/a | 2026 | Not stated | Get full property data |
| Cook Children's Health | Frisco | $1,900,000 | 6.24% | $118,536 | n/a | 2006 | Not stated | Get full property data |
| Sonic Drive-In | Kemp | $1,769,231 | 6.50% | $115,000 | n/a | 2008 | Not stated | Get full property data |
| Big Brand Tire & Service | Paris | $1,538,400 | 6.50% | $100,000 | n/a | n/a | Not stated | Get full property data |
| 7-Eleven | San Antonio | $7,848,000 | 5.75% | $451,231 | n/a | 2021 | Not stated | Get full property data |
| Cracker Barrel | Wichita Falls | $3,527,000 | 5.75% | $202,831 | n/a | 2007 | Not stated | Get full property data |
| Ross | Frisco | $1,440,375 | 6.40% | $92,685 | n/a | 2023 | Not stated | Get full property data |
| Caliber Car Wash | Duncanville | $6,191,287 | 6.00% | $371,477 | n/a | 2022 | Not stated | Get full property data |
Showing 24 of 915 observed Texas 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.
Texas 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 | 39 | 7.08% | 5.24% to 9.59% | $1.09M | Dollar General NNN for sale |
| Walgreens | 31 | 7.00% | 5.37% to 9.20% | $4.31M | Walgreens NNN for sale |
| 7-Eleven | 30 | 5.13% | 4.65% to 6.50% | $6.70M | 7-Eleven NNN for sale |
| Whataburger | 23 | 5.05% | 3.75% to 6.00% | $3.34M | |
| CVS | 21 | 6.00% | 4.89% to 10.07% | $6.10M | CVS NNN for sale |
| Take 5 Oil Change | 21 | 5.75% | 5.00% to 6.65% | $1.76M | |
| Family Dollar | 19 | 8.25% | 7.50% to 12.00% | $1.15M | Family Dollar NNN for sale |
| Bluewave Car Wash | 18 | 6.75% | 5.90% to 7.50% | $5.27M | |
| McDonald's | 17 | 3.75% | 3.50% to 4.25% | $3.13M | McDonald's NNN for sale |
| Chipotle | 14 | 4.65% | 4.00% to 5.10% | $3.80M | Chipotle NNN for sale |
| CAR Wash | 12 | 6.25% | 5.50% to 7.00% | $5.40M | |
| Jack in the Box | 11 | 6.50% | 5.62% to 9.23% | $1.90M | |
| Caliber Collision | 10 | 5.75% | 5.50% to 6.25% | $6.29M | |
| Pinnacle Oil & Gas | 10 | 7.88% | 7.75% to 8.00% | $7.44M | |
| Popeyes | 10 | 5.63% | 5.25% to 6.00% | $2.55M | Popeyes NNN for sale |
| Dollar Tree | 9 | 6.75% | 4.80% to 8.48% | $1.98M | Dollar Tree NNN for sale |
| Scooter's Coffee | 9 | 6.50% | 5.75% to 6.75% | $1.30M | |
| Sonic Drive-In | 9 | 6.50% | 5.92% to 7.01% | $2.13M | Sonic Drive-In NNN for sale |
| Starbucks | 9 | 5.75% | 4.50% to 6.35% | $2.47M | Starbucks NNN for sale |
| Chick-fil-A | 8 | 4.08% | 3.75% to 4.80% | $4.23M | Chick-fil-A NNN for sale |
| Dutch Bros | 7 | 5.20% | 4.50% to 5.85% | $2.00M | Dutch Bros NNN for sale |
| LA Fitness | 7 | 6.00% | 5.75% to 7.50% | $12.52M | |
| Take 5 | 7 | 5.75% | 5.15% to 5.85% | $1.96M | |
| Valvoline | 7 | 5.50% | 5.00% to 5.75% | $2.24M | Valvoline NNN for sale |
| Chicken Express | 6 | 6.00% | 6.00% to 6.00% | $2.80M | |
| Club Car Wash | 6 | 5.65% | 5.65% to 5.75% | $5.85M | |
| Heartland Dental | 6 | 5.35% | 5.15% to 7.25% | $3.32M | Heartland Dental NNN for sale |
| Learning Experience | 6 | 7.25% | 6.25% to 8.51% | $4.48M | |
| Panthers Petroleum | 6 | 7.35% | 7.20% to 7.50% | $4.67M | |
| Pizza Hut | 6 | 6.22% | 5.10% to 8.00% | $1.43M | |
| PNC Bank | 6 | 4.65% | 4.50% to 5.00% | $3.54M | PNC Bank NNN for sale |
| Taco Cabana | 6 | 6.33% | 6.00% to 6.67% | $2.30M | |
| The Learning Experience | 6 | 7.05% | 6.25% to 7.85% | $5.58M | |
| Tractor Supply | 6 | 5.90% | 5.75% to 8.00% | $6.06M | Tractor Supply NNN for sale |
| Brookshire Brothers | 5 | 6.75% | 6.50% to 7.00% | $1.91M | |
| Chevron | 5 | 7.75% | 7.25% to 8.05% | $5.45M | Chevron NNN for sale |
| ClearWater Express Wash | 5 | 6.65% | 6.00% to 6.75% | $6.12M | |
| Fractal Education Group | 5 | 7.00% | 6.75% to 7.00% | $2.51M | |
| Goodyear | 5 | 6.23% | 5.35% to 7.50% | $3.83M | Goodyear NNN for sale |
| Shell and Jiffy Lube | 5 | 5.50% | 5.00% to 6.00% | $2.34M | Shell and Jiffy Lube NNN for sale |
Tenants with the most Texas listings observed (top 40 of 367). Tenants with a linked page have a full credit and inventory profile; 357 of the 915 listings belong to tenants with a profile page.
Texas NNN Properties by Category
- QSR NNN properties for sale (74 in Texas across 7 tenants)
- Dollar Store NNN properties for sale (67 in Texas across 3 tenants)
- Pharmacy NNN properties for sale (52 in Texas across 2 tenants)
- Gas Station and C-Store NNN properties for sale (35 in Texas across 2 tenants)
- Auto Parts and Service NNN properties for sale (17 in Texas across 3 tenants)
- Healthcare NNN properties for sale (6 in Texas across 1 tenants)
- Bank Branch NNN properties for sale (6 in Texas across 1 tenants)
Counts cover tenants with a profile page; the category pages aggregate the same tenants nationally.
Texas NNN Properties by City
The cities with the most observed Texas listings are Houston (74), San Antonio (45), Fort Worth (31). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Houston | 74 | 6.50% | $4.46M |
| San Antonio | 45 | 6.00% | $4.73M |
| Fort Worth | 31 | 5.75% | $3.45M |
| Dallas | 25 | 6.00% | $4.95M |
| Corpus Christi | 18 | 5.88% | $5.15M |
| Austin | 15 | 6.41% | $4.86M |
| El Paso | 13 | 6.00% | $3.36M |
| Lubbock | 13 | 6.00% | $3.17M |
| Amarillo | 12 | 6.30% | $4.24M |
| Katy | 12 | 5.25% | $3.83M |
| Tyler | 12 | 6.50% | $2.75M |
| Frisco | 10 | 6.28% | $5.24M |
| Killeen | 10 | 6.00% | $3.95M |
| Mcallen | 10 | 6.86% | $3.68M |
| Plano | 10 | 6.00% | $4.37M |
| Odessa | 9 | 7.00% | $3.48M |
| Arlington | 8 | 5.43% | $4.79M |
| Cypress | 8 | 6.95% | $5.02M |
| Helotes | 8 | 6.00% | $6.72M |
| Humble | 8 | 6.85% | $4.77M |
Cities with the most Texas listings observed (top 20 of 338). Tap a city to filter the full listing browser.
How Texas Prices Against the National NNN Market
The Texas median asking cap rate of 6.25% sits 10 bps below the national median of 6.35%. A state median reflects both location and which tenants happen to be on the market, which is why the key findings above compare the same tenants inside and outside Texas. 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.
Texas 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 Texas 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 Texas 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 or closed are excluded, as are listings priced under $150,000. Medians use published asking figures only, so they describe what sellers are asking, not closed sale prices. The same-tenant comparison takes each tenant’s median asking cap rate in Texas and compares it with that tenant’s median in other states, for tenants with at least three Texas listings and five listings elsewhere, weighted by Texas listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Texas
How many NNN properties are for sale in Texas right now?
As of October 23, 2026, 915 single-tenant net lease properties are observed for sale in Texas across 367 tenants and 338 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Texas NNN properties asking?
The median asking cap rate across observed Texas listings is 6.25%, with the middle half of listings between 5.65% and 7.00%. That median is 10 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 Texas?
The tenants with the most observed Texas listings right now are Dollar General (39), Walgreens (31), 7-Eleven (30). The tenant table above lists the top 40.
Which Texas cities have the most NNN properties for sale?
The cities with the most observed listings are Houston (74), San Antonio (45), Fort Worth (31). 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 (160 listings)
- NNN properties for sale in California (444 listings)
- NNN properties for sale in Florida (678 listings)
- NNN properties for sale in Georgia (314 listings)
- NNN properties for sale in Illinois (337 listings)
- NNN properties for sale in Maryland (54 listings)
- NNN properties for sale in New Jersey (74 listings)
- NNN properties for sale in New York (185 listings)
- NNN properties for sale in North Carolina (288 listings)
- NNN properties for sale in Tennessee (209 listings)
- NNN properties for sale in Utah (53 listings)
