Michigan NNN Cap Rates
62 live listings in Michigan as of October 23, 2026. Asking cap rates run from 4.75% to 10.72%.
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 1 | $2.32M |
| 5.00% – 5.99% | 19 | $4.27M |
| 6.00% – 6.99% | 26 | $2.16M |
| 7.00% – 7.99% | 11 | $1.21M |
| 8.00% and above | 5 | $4.52M |
Live listings in Michigan
- 7-Eleven — Sterling Heights, MI · Asking $2.45M · 5.00% cap rate
- Caliber Collision — Ypsilanti, MI · Asking $1.62M · 6.81% cap rate
- 7-Eleven — Holland, MI · Asking $6.46M · 5.00% cap rate
- KFC — Charlotte, MI · Asking $1.59M · 5.75% cap rate
- Wendy's — Holland, MI · Asking $1.94M · 6.10% cap rate
- Walgreens — Kalamazoo, MI · Asking $1.49M · 10.72% cap rate
- 7-Eleven — Saranac, MI · Asking $3.62M · 5.25% cap rate
- Advance Auto Parts — Kalkaska, MI · Asking $993,243 · 7.40% cap rate
- Henry Ford–GoHealth Urgent Care — Canton Township, MI · Asking $2.50M · 5.00% cap rate
- Marshalls — Detroit, MI · Asking $5.45M · 5.90% cap rate
- Dollar General — Cedarville, MI · Asking $1.32M · 6.76% cap rate
- Wendy's — Grand Haven, MI · Asking $2.31M · 5.50% cap rate
- Dollar General — Erie, MI · Asking $1.31M · 6.85% cap rate
- Red Lobster — MI · Asking $4.20M · 6.80% cap rate
- Advance Auto Parts — Kalkaska, MI · Asking $993,243 · 7.40% cap rate
- Dollar General — Vanderbilt, MI · Asking $1.99M · 6.60% cap rate
- Dollar General — Gaylord, MI · Asking $2.30M · 6.70% cap rate
- Family Dollar — Detroit, MI · Asking $1.56M · 8.27% cap rate
- 7 Brew Coffee — Allen Park, MI · Asking $1.33M · 6.00% cap rate
- 7-Eleven — Flint, MI · Asking $6.20M · 5.00% cap rate
- Shake Shack Michigan, LLC — Livonia, MI · Asking $4.03M · 6.00% cap rate
- 7-Eleven — Romulus, MI · Asking $2.08M · 5.00% cap rate
- 7-Eleven — Vassar, MI · Asking $3.31M · 5.35% cap rate
- Biggby Coffee — Lansing, MI · Asking $1.45M · 6.50% cap rate