Michigan NNN Cap Rates
62 live listings in Michigan as of October 7, 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
- Marshalls — Detroit, MI · Asking $5.45M · 5.90% cap rate
- 7-Eleven — Vassar, MI · Asking $3.31M · 5.35% cap rate
- Wendy's — Allegan, MI · Asking $2.27M · 6.00% cap rate
- 7-Eleven — Flint, MI · Asking $6.20M · 5.00% cap rate
- 7-Eleven — Bay City, MI · Asking $5.15M · 5.25% cap rate
- Wendy's — Richmond, MI · Asking $2.30M · 6.25% cap rate
- Advance Auto Parts — Kalkaska, MI · Asking $993,243 · 7.40% cap rate
- 7-Eleven — Muskegon, MI · Asking $6.25M · 5.25% cap rate
- 7-Eleven — Saginaw, MI · Asking $6.12M · 5.25% cap rate
- Walgreens — Kalamazoo, MI · Asking $1.49M · 10.72% cap rate
- Advance Auto Parts — Kalkaska, MI · Asking $993,243 · 7.40% cap rate
- 7-Eleven — Holland, MI · Asking $6.46M · 5.00% cap rate
- 7-Eleven — Wyoming, MI · Asking $6.31M · 5.00% cap rate
- Jet's Pizza — Detroit, MI · Asking $1.45M · 6.75% cap rate
- Advance Auto Parts — Lincoln Park, MI · Asking $2.00M · 6.67% cap rate
- 7-Eleven — Port Huron, MI · Asking $4.61M · 5.25% cap rate
- Dollar General — Rose City, MI · Asking $1.36M · 6.60% 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
- Kohl's — Westland, MI · Asking $14.00M · 8.11% cap rate
- 7-Eleven — Battle Creek, MI · Asking $4.08M · 5.25% cap rate
- Dollar General — Grand Rapids, MI · Asking $2.75M · 6.40% cap rate
- Red Lobster — MI · Asking $4.20M · 6.80% cap rate
- Dollar General — Cedarville, MI · Asking $1.32M · 6.76% cap rate