NNN Properties For Sale in Texas
For NNN lease investors, Texas is filled with opportunity anywhere you look. With everything from wide open spaces to buzzing urban centers, Texas has a bit of everything. That means you’ll likely be able to find the tenant of your choice in Texas’ ever-growing commercial real estate market.
With an investor-friendly tax environment and a rapidly increasing population, Texas is a magnet for economic opportunity. Any savvy real estate investor simply can’t overlook what’s happening in Texas. This could be an excellent time to get your foot in the door in a state that’s just at the beginning of its economic boom.
NNN Properties in Texas Overview
As of 2025, Texas is home to over 32 million people, with its population growing by 18% in the last decade, according to the U.S. Census Bureau. The state also boasts 3.8 million business entities, reflecting its thriving economy and entrepreneurial spirit.
| Triple-Net Properties in Texas Overview | |
| State population | 32,000,000 |
| Number of business entities | 3,800,000 |
| Average NNN lease price | $4,167,000 |
| Average cap rate | 5.70% |
| Corporate income tax rate | 0% |
| Personal income tax rate | 0% |
| Capital gains tax rate | 0% |
Common NNN Lease Tenants in Texas
The most common triple-net lease tenants in Texas are often considered “recession-proof,” making them attractive to real estate investors. These businesses tend to offer fundamental services and goods that are non-negotiables, even in trying economic times.
A few of these types of companies include pharmacies, grocery stores, convenience stores, gas stations, discount/dollar stores, quick-service restaurants, automotive shops, and medical companies.
Big-name companies like Walgreens, Jiffy Lube, 7-Eleven, and AutoZone have a substantial presence in Texas. But perhaps the biggest player in Texas’ NNN lease scene is Dollar General, a discount store focused on tertiary markets. While Texas certainly has its urban centers, much of the state remains rural, making it a perfect place for a Dollar General location to thrive.
The discount dollar store focuses on less-populated locations; in fact, over 70% of its locations appear in towns with less than 20,000 residents. As of 2025, Dollar General operates almost 1,900 stores in Texas, making it one of the largest and most profitable retailers in the state. Its focus on rural and underserved markets continues to drive growth, with constant plans to open new locations in Texas.
Check out our NNN leases for sale in Texas, including off-market properties!
Why Choose a Net Lease Over a Gross Lease When Investing in Commercial Real Estate?
Commercial real estate investors often face a choice: net lease or gross lease? While both have their merits, net leases are particularly appealing because they shift operating expenses—like property taxes, insurance, and maintenance—to the tenant. This means more predictable income and fewer headaches for landlords, making net leases a popular choice for passive investors.
A gross lease involves a fixed rate that a tenant pays to use a space. That amount does not change based on operating expenses, because landlords under gross leases are usually on the hook for any operating costs. Net leases, on the other hand, allow landlords to pass operating expenses to their tenants.
That means there are a host of benefits to own a net lease property in Texas. You’ll have more time to focus on your day job (or the golf course, if that’s more your thing), stable income without the worry of unforeseen expenses, and high-quality NNN tenants.
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There are three tiers of net leases on the market: single, double, and triple. These categories are also known as N, NN, and NNN leases. Each increasing tier allows the landlord to hand more and more expenses over to the tenant, absolving themselves of increased risk.
Single net leases (N leases) hold the tenant responsible for property taxes (in addition to rent), but the landlord must still pay insurance, maintenance, repairs, and utilities. N leases are less common when it comes to commercial real estate. Double-net leases (NN leases) and triple-net leases (NNN leases) are used much more frequently for investment purposes.
What Types of Net Leases Are Common in Texas?
For savvy real estate investors, there are many different types of net leases available in Texas. However, the most common by far is NNN leases.
NNN leases are usually thought to be the most attractive type of lease for property owners and investors. Why? They hold the tenant responsible for paying operating expenses and costs related to the property, which can include insurance premiums, property taxes, and structural maintenance or repair costs.
NN leases, or double-net leases, are usually seen as a slightly less attractive option. That’s because, with an NN lease, the tenant has to take care of only rent, insurance, and property taxes – meaning that the property owner is responsible for structural maintenance and repairs. Those types of repairs can add up quickly and cut into profits.
With an NNN lease in Texas, a tenant will often pay a lower base rent because they’re on the hook for all of the operating costs associated with the property. On the flip side, NNN leases reduce the investor’s property management responsibilities by passing the majority of those items onto the tenant, meaning they are an excellent source of passive income.
How to Evaluate a Net Lease for Sale in Texas
No matter what tenant you are considering, you’ll want to look at both property value and tenant strength for a triple-net lease. This is especially crucial when you’re evaluating single-tenant properties, like the ones that many Texas net lease tenants use.
When you’re looking at an NNN lease for sale in Texas, It’s important to look at the property value as well as the tenant strength. Many NNN leases involve single-tenant properties, so you should keep in mind that your tenant concentration can be only either 100% or 0%. In other words, you’ll be generating 100% of your potential cash flow or none of it.
In order to ensure that your NNN lease pans out, you’ll want to ensure that the property you’re investing in meets or exceeds the criteria that the tenant looks for in its locations. That will help ensure that your property stays occupied and you keep generating revenue.
On the plus side, NNN lease tenants are usually large companies with strong balance sheets, so you can normally count on your rent payments arriving on time. Unlike other types of real estate investments, you won’t have to chase down your tenants each month to get your hands on the next check.
What Makes Texas an Attractive State for NNN Leases?
When you’re looking for a real estate investment, it’s important to consider opportunities across the United States. But for NNN leases in particular, states with no income tax are an especially attractive option. Texas remains one of only nine states with no personal income tax, and it also imposes no capital gains tax. These tax advantages, combined with the state’s robust economy, make Texas a top destination for NNN lease investors.
The annual savings you’ll gain from not paying income tax could save you tens of thousands of dollars, and that extra income can be reinvested to make even more. But tax laws aren’t the only factor that makes Texas a great location for NNN property investment.
Recent market trends indicate that states with strong population growth, like Texas, continue to offer higher returns for NNN leaseholders. With its growing population, business-friendly policies, and diverse tenant base, Texas remains a prime location for net lease investments.
According to the U.S. Census Bureau’s 2025 estimates, Texas has seen a population increase of 18% over the past decade, making it one of the fastest-growing states in the U.S. This growth, combined with Texas’ business-friendly tax policies, continues to ensure Texas remains a hotspot for NNN lease investments.
