Shell NNN Properties for Sale

6 live Shell listings as of October 7, 2026.

Shell cap rates by band

Shell listings by state

Shell remaining lease term

Buying Shell in a 1031 exchange

In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.

5 of the 6 live Shell listings have 10 or more years of primary lease term remaining (as of October 7, 2026).

Shell due-diligence checklist

• Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
• Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
• Order tenant estoppel and SNDA documents before closing.
• Review the title commitment, survey and zoning report for the parcel.
• Commission a Phase I environmental site assessment.
• Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
• Verify property tax, insurance and CAM reimbursements against the lease.
• Review store-level sales or rent-to-sales data if the tenant reports it.

Shell net lease FAQ

How many Shell net lease properties are for sale?

Net Lease World shows 6 live Shell listings as of October 7, 2026.

What cap rates are Shell properties listed at?

Live Shell listings with a published cap rate range from 5.71% to 8.00%, with a median of 7.10% (as of October 7, 2026). These are asking cap rates, not closed sales.

What is the typical asking price for a Shell property?

The median asking price across live Shell listings with a published price is $2.60M (as of October 7, 2026).

Which states have the most Shell listings?

Florida (2), Wisconsin (2), California (1). Listings appear in 3 states in total (as of October 7, 2026).

How much lease term is left on Shell listings?

The median remaining primary lease term is 16.1 years; 5 listings have 10 or more years remaining (as of October 7, 2026).