Texas NNN Properties for Sale
Texas is the volume king of net lease: more new NNN construction than any state, no income tax on the rent, and four major metros each deep enough to be a market on its own. NNN properties for sale in Texas are net lease investment properties — a single tenant pays the taxes, insurance, and maintenance. Where Florida's story is migration-driven demand, Texas adds the supply side — a development machine that keeps 1031 identification lists stocked with fresh corporate leases. Start with featured NNN deals on the homepage and the full live NNN listings board. When the short list is a state, compare Florida NNN properties for sale and California NNN properties for sale.
Market Facts
- State income tax
- None
- Population trend
- Rapid growth statewide
- Cap spread vs national
- Near national averages; metro-dependent
- Top metros
- DALLAS–FORT WORTH · HOUSTON · AUSTIN
Texas Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
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Why buy NNN properties for sale in Texas?
Scale and freshness. The state's growth (fastest absolute population gains in the country, year after year) generates constant new-format retail development, so Texas inventory skews newer than the national pool — more 15–20 year terms, more current prototypes, more absolute-net paper. Combine that with zero state income tax on rental cash flow and a pro-landlord legal environment (fast evictions, freedom of contract), and the state competes with Florida for every exchange dollar leaving the coasts. Price the file before you offer: in-place NOI divided by asking price in the cap rate calculator, flyer income rebuilt in the NOI calculator, and the primary-term end date from the lease expiry calculator.
Which Texas metros hold net lease investment properties?
Dallas–Fort Worth is the flagship: relentless northern-suburb expansion (Plano, Denton, Frisco, Prosper, Celina) mints pad sites, and national buyers price DFW paper accordingly. Houston offers the majors' best cap-rate value — energy-cycle wariness keeps pricing honest despite elite growth numbers. Austin trades tightest on the tech narrative; deal flow is thinner and land costs push rents to levels worth stress-testing. San Antonio, the quiet compounder, delivers military-and-healthcare stability with South Texas growth. The mid-market tier — El Paso, McAllen, Lubbock, Corpus Christi — rewards yield hunters who verify local demand drivers. Drive-thru corners in these metros are filed with QSR NNN properties for sale. Outside the big four, the small-town boxes are Dollar General NNN properties for sale.
What taxes apply to a Texas net lease hold?
No personal income tax and no state capital gains tax make Texas exits as clean as its holds. The costs live elsewhere: property taxes among America's highest (a pass-through on true NNN leases, but a tenant-health variable worth modeling), and the franchise margin tax that most single-asset owners duck under the revenue threshold (confirm the current exemption level with your CPA). Title and closing practice is efficient; 45-day identification timelines are routine for the state's exchange-heavy transaction infrastructure.
Which tenants anchor Texas NNN properties for sale?
7-Eleven — whose U.S. operations headquarter in Irving — and McDonald's anchor the corporate tier statewide. Taco Bell franchise platforms run dense across all four metros, Dutch Bros made Texas its biggest expansion bet, and Chipotle pads follow every suburban grocery anchor. Dollar General owns the small-town grid, AutoZone tracks the state's truck-heavy vehicle fleet, and Walmart outparcels trade wherever Supercenters anchor.
What should you know about NNN properties for sale in Texas?
Texas NNN properties for sale are net lease investment properties concentrated in Dallas–Fort Worth, Houston, Austin, and San Antonio. The state does not tax the rent. Property tax is the cost that matters, and on a true triple-net lease the tenant pays it. The metro sets the price.
How does Texas's size change the NNN buying process?
It's four distinct markets wearing one flag. DFW prices like a national gateway, Houston swings with energy and offers the majors' best yields, Austin carries tech-boom pricing on a smaller deal base, and San Antonio trades steadiest. Beyond them, 3M+ people live in mid-cities (El Paso, Lubbock, McAllen, Waco) where caps run 50–75 basis points wider on the same tenants. 'Texas pricing' is a metro question, always.
Is there really no state tax bite on Texas NNN income?
No personal income tax on your rent, and for most individual NNN owners no franchise-tax exposure either — the state's margin tax applies to taxable entities above a revenue threshold ($2.47M in recent years — confirm the current threshold with your CPA), which a single-property LLC's rent rarely crosses. Property taxes are the flip side: Texas rates rank among the nation's highest, which matters on gross leases but passes through cleanly on true NNN paper.
What's driving so much new NNN construction in Texas?
Population math plus corporate relocations. The state adds people at the fastest absolute rate in America, and every master-planned suburb from Celina to Katy needs its QSR row, c-stores, and dollar stores in year one. Developers pre-sell those pads as NNN exits, meaning Texas continuously supplies what 1031 buyers want most: fresh 15–20 year corporate paper at every price point.
Anything Texas-specific to check in diligence?
Property-tax reassessment is the big one: Texas reassesses aggressively and appraisal-district values chase sale prices, so model the tenant's post-sale tax load under the lease's pass-through — a rent-to-sales ratio that worked at the old assessment can tighten after your closing triggers a bump. Also confirm rollback exposure on recently converted agricultural land under new pads, and dual-agency norms differ here; buy-side representation costs you nothing regardless.
Where do buyers look for NNN properties for sale in Texas?
Start with Dallas–Fort Worth, including Plano, Denton, Frisco, Prosper, and Celina, then Houston, Austin, and San Antonio. Published files on this page have included Dallas, Arlington, Mesquite, Rowlett, Red Oak, San Antonio, Penitas, and Ingleside. A search for Plano or Denton still belongs here when that suburb has no separate file that week. Mid-cities such as El Paso, Lubbock, McAllen, and Waco are the wider-priced rest of the map.
What does net lease investment property mean in Texas?
Same product as a Texas NNN property for sale: one tenant, one building, and a lease that bills taxes, insurance, and maintenance to the occupant. The state adds no income tax on the rent. Do not shop one statewide cap — price the metro, the remaining primary term, and whether the lease is absolute net.
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