AutoZone NNN Cap Rates
AutoZone asking cap rates right now
18 active AutoZone listings on Net Lease World as of October 15, 2026.
Across listings that publish a cap rate, the median asking cap rate is 4.63% and the average is 4.78%, ranging from 4.00% to 6.30%.
These are asking cap rates on active listings, not closed sales. Final pricing can differ.
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 12 | $1,945,958 |
| 5.00% – 5.99% | 5 | $2,390,583 |
| 6.00% – 6.99% | 1 | $845,000 |
Cap rate by remaining lease term
Longer remaining terms usually price at lower cap rates. Here is how our live listings break down.
| Term remaining | Listings | Average asking cap rate |
|---|---|---|
| Under 5 years | 1 | 4.95% |
| 5 – 9.9 years | 8 | 5.02% |
| 10 – 14.9 years | 4 | 4.72% |
| 15+ years | 5 | 4.41% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| Florida | 4 | 4.57% |
| California | 3 | 4.57% |
| Nevada | 3 | 4.34% |
| New Jersey | 2 | 5.43% |
| Pennsylvania | 2 | 4.88% |
| Iowa | 1 | 4.00% |
| Massachusetts | 1 | 4.25% |
| Wisconsin | 1 | 6.30% |
Frequently asked questions
What is the average AutoZone cap rate?
The average asking cap rate across 18 active AutoZone listings on Net Lease World is 4.78% as of October 15, 2026 (median 4.63%).
Are these closed sale cap rates?
No. They are asking cap rates on active listings. Closed sale prices can be higher or lower.
How do I hear about new AutoZone listings?
Set a free alert on the AutoZone page and we will email you when one lists.