NNN Car Wash Listed Inventory – September 2026
NNN car wash inventory jumped to 299 listed properties in September 2026, a new high for the year and 61 more than August. B+E’s
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In Q3 2026, average net lease cap rates ranged from 5.62% for convenience stores to 7.53% for pharmacies, across 4,921 active listings tracked by B+E. Listings grew 4.3% from Q2, and the average time on market was 13.4 months.
B+E tracks active net lease listings across the country. This article covers cap rates by property type, where retail inventory sits by state, which tenants have the most listings, and how the market moved since Q2 2026.
What are net lease cap rates by property type in Q3 2026?
Convenience stores priced the lowest at a 5.62% average cap rate, followed by QSR and fast food at 5.72%, the largest retail group with 1,092 listings. Pharmacies were the highest at 7.53%, with dollar and discount stores at 7.49%.
Average cap rate by property type, Q3 2026
Each dot is the Q3 average for that property type.
Source: B+E private database and third-party industry sources.
Car wash had the largest listing increase of any sector, up 62% from 185 listings in Q2 to 299 in Q3.
How does location affect net lease pricing?
Among the 10 states with the most retail listings, Florida averaged a 5.57% cap rate across 407 listings and California 5.56% across 221. Texas had the most retail listings at 616, with a 6.26% average. Ohio averaged 6.92% across 204 listings. The Southeast holds the most retail inventory by region, with 1,609 of 4,215 retail listings.
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Price my propertyHow has the net lease market moved since Q2 2026?
Active listings grew 4.3% from Q2 to 4,921. Average time on market was 13.4 months, up from 12 in Q2 and 10.6 in Q1. New supply made up 21% of listings, down from 25% in Q2 and 35% in Q1.
Active listings
Q1 to Q3 2026
Months on market
Average, Q1 to Q3 2026
Source: B+E private database and third-party industry sources.
Which tenants have the most net lease listings?
Dollar General led the market with 401 listings, followed by Walgreens (278), CVS (122), 7-Eleven (110) and Starbucks (107).
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