337 NNN properties are observed for sale in Illinois across 166 tenants and 194 cities as of October 26, 2026, at a median asking cap rate of 6.97%, 62 basis points above the national median of 6.35%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, checks every tenant against the investment grade threshold, and publishes the observations here: which tenants and cities carry the inventory, what it is asking, how Illinois prices against the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Illinois run from 4.00% to 11.35%, with the middle half of listings between 6.00% and 7.60%. Median asking price $2.61M (median $391 per SF). Average remaining lease term 8.3 years among 123 listings that state a term. 32 listings report a 2026 build year. 155 listings came to market and 109 left the market in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Key findings, as of October 26, 2026
- 337 NNN listings are observed in Illinois, the 4th largest inventory of the 50 states with listings.
- The median asking cap rate of 6.97% is 62 basis points above the national median, the 9th widest gap from the national median among the 50 states.
- Comparing the same tenants, Illinois listings ask 43 basis points wider than those tenants elsewhere (26 tenants, 159 Illinois listings), so part of the gap above reflects location and part reflects which tenants are on the market.
- The median Illinois listing has been on the market 94 days; 155 came to market and 109 left the market in the last 90 days.
NNN Properties For Sale in Illinois: Latest Listings
Up to twenty-four single-tenant net lease properties in Illinois with published pricing, the newest from each tenant first so the table reflects the whole Illinois market rather than one or two active tenants. Below the table, the full listing browser carries every Illinois listing with tenant, city, cap rate, price and term filters. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | City | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| REI | Hoffman Estates | $4,286,065 | 9.15% | $392,175 | n/a | 2016 | Not stated | Get full property data |
| 7 Brew | Dixon | $1,238,532 | 5.45% | $67,500 | n/a | 2026 | Not stated | Get full property data |
| Mattress Warehouse | Chicago | $1,728,000 | 7.35% | $127,025 | n/a | 1986 | Not stated | Get full property data |
| La Fitness | Round Lake Beach | $10,115,000 | 7.75% | $783,895 | n/a | 1995 | Not stated | Get full property data |
| KFC | Belleville | $1,190,000 | 6.63% | $78,848 | n/a | 2008 | Not stated | Get full property data |
| Take 5 Oil Change | Mount Prospect | $1,415,000 | 7.00% | $99,000 | n/a | 2021 | Not stated | Get full property data |
| Fresenius Medical Care | East Peoria | $3,052,000 | 6.15% | $187,727 | n/a | 1998 | Not stated | Get full property data |
| The Neighborhood Clinic | Normal | $5,800,000 | 7.45% | $432,000 | n/a | 2026 | Not stated | Get full property data |
| Dollar General | Mount Olive | $388,000 | 10.49% | $40,697 | n/a | 2000 | Not stated | Get full property data |
| T.J. Maxx | Homewood | $3,836,000 | 7.50% | $287,766 | n/a | 2005 | Not stated | Get full property data |
| Ross | Homewood | $3,623,000 | 7.25% | $262,680 | n/a | 2005 | Not stated | Get full property data |
| Petco | Homewood | $3,221,000 | 7.50% | $241,584 | n/a | 2005 | Not stated | Get full property data |
| Tutor Time | Itasca | $2,687,000 | 8.00% | $214,963 | n/a | 2002 | Not stated | Get full property data |
| 7-Eleven | Chicago | $3,823,417 | 6.00% | $229,405 | n/a | 2020 | Not stated | Get full property data |
| Dutch Bros | Peoria | $2,820,000 | 5.85% | $164,989 | n/a | 2026 | Not stated | Get full property data |
| Walgreens | Glen Ellyn | $4,826,670 | 7.50% | $362,000 | n/a | 2001 | Not stated | Get full property data |
| Popeyes | Zion | $2,519,685 | 6.35% | $160,000 | n/a | 2022 | Not stated | Get full property data |
| Chipotle | Broadview | $2,830,200 | 5.30% | $150,000 | n/a | 2026 | Not stated | Get full property data |
| Pollo Campero | Chicago | $3,440,435 | 5.75% | $197,825 | n/a | n/a | Not stated | Get full property data |
| Hardee's | Chillicothe | $1,086,000 | 7.00% | $76,000 | n/a | 2005 | Not stated | Get full property data |
| Aqua Express Car Wash | Normal | $3,337,538 | 6.15% | $205,259 | n/a | 2016 | Not stated | Get full property data |
| Rainstorm Express Car Wash | Springfield | $3,781,054 | 5.90% | $223,082 | n/a | 2012 | Not stated | Get full property data |
| Thrive Pet Healthcare | Chatham | $594,600 | 9.25% | $55,000 | n/a | 1999 | Not stated | Get full property data |
| BrightPath Academy | Kildeer | $7,213,000 | 7.00% | $504,900 | n/a | 2022 | Not stated | Get full property data |
Showing 24 of 337 observed Illinois listings: the newest from each tenant first, then each tenant’s next newest. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Illinois NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a full credit rating, cap rate and inventory profile; the rest are tracked here at the state level until they earn a page of their own.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| Walgreens | 25 | 8.00% | 6.00% to 10.00% | $4.00M | Walgreens NNN for sale |
| Dollar General | 24 | 7.35% | 6.10% to 10.49% | $1.20M | Dollar General NNN for sale |
| 7-Eleven | 10 | 5.15% | 5.15% to 7.75% | $3.99M | 7-Eleven NNN for sale |
| Dutch Bros | 9 | 5.50% | 5.15% to 5.85% | $3.15M | Dutch Bros NNN for sale |
| Rainstorm Express Car Wash | 9 | 6.15% | 5.65% to 6.15% | $3.89M | |
| 7 Brew | 8 | 6.00% | 5.45% to 6.45% | $1.77M | |
| Family Dollar | 6 | 8.82% | 6.88% to 10.00% | $1.01M | Family Dollar NNN for sale |
| KFC | 6 | 6.81% | 5.00% to 7.75% | $1.66M | |
| Aqua Express Car Wash | 5 | 6.15% | 5.90% to 6.15% | $3.34M | |
| Arby's | 5 | 6.50% | 6.15% to 6.50% | $1.56M | Arby's NNN for sale |
| CVS | 5 | 6.60% | 6.00% to 7.80% | $3.40M | CVS NNN for sale |
| Dollar Tree | 5 | 8.00% | 7.75% to 10.00% | $1.38M | Dollar Tree NNN for sale |
| Starbucks | 5 | 5.75% | 5.00% to 7.00% | $2.60M | Starbucks NNN for sale |
| Advance Auto Parts | 4 | 7.00% | 6.75% to 7.95% | $1.41M | Advance Auto Parts NNN for sale |
| Fifth Third Bank | 4 | 5.88% | 5.00% to 6.33% | $3.84M | Fifth Third Bank NNN for sale |
| KinderCare | 4 | 7.50% | 7.15% to 7.52% | $5.44M | |
| LA Fitness | 4 | 7.13% | 5.75% to 8.00% | $17.04M | |
| Panera Bread | 4 | 6.03% | 6.00% to 6.15% | $2.85M | |
| Taco Bell | 4 | 5.85% | 4.35% to 6.10% | $1.86M | Taco Bell NNN for sale |
| Wendy's | 4 | 6.25% | 5.25% to 7.70% | $2.53M | Wendy's NNN for sale |
| Caliber Collision | 3 | 7.00% | 5.95% to 7.33% | $2.97M | |
| Chipotle | 3 | 5.35% | 5.30% to 5.60% | $2.83M | Chipotle NNN for sale |
| DaVita | 3 | 6.75% | 6.40% to 7.50% | $2.12M | DaVita NNN for sale |
| Heartland Dental | 3 | 7.00% | 5.50% to 7.25% | $1.89M | Heartland Dental NNN for sale |
| O'Reilly Auto Parts | 3 | 6.00% | 5.80% to 6.50% | $2.11M | O'Reilly Auto Parts NNN for sale |
| Raising Cane's | 3 | 5.00% | 5.00% to 5.00% | $3.10M | |
| Sonic Drive-In | 3 | 6.50% | 6.50% to 6.50% | $1.87M | Sonic Drive-In NNN for sale |
| Sparkle Express Car Wash | 3 | 6.38% | 6.25% to 6.50% | $3.38M | |
| Action Behavior Centers | 2 | 8.12% | 8.00% to 8.23% | $3.09M | |
| Advance Auto Parts | 2 | 8.25% | 8.25% to 8.25% | $1.68M | Advance Auto Parts NNN for sale |
| Advocate Health & Hospitals | 2 | 6.61% | 6.05% to 7.16% | $1.98M | |
| Albertsons | 2 | 5.50% | 5.50% to 5.50% | $13.09M | Albertsons NNN for sale |
| Applebee's | 2 | 7.85% | 6.78% to 8.91% | $2.11M | Applebee's NNN for sale |
| ATI Physical Therapy | 2 | 7.75% | 7.25% to 8.25% | $1.43M | ATI Physical Therapy NNN for sale |
| AutoZone | 2 | 5.80% | 5.75% to 5.85% | $1.52M | AutoZone NNN for sale |
| BMO Bank | 2 | 6.50% | 5.75% to 7.25% | $3.86M | BMO Bank NNN for sale |
| Burger King | 2 | 6.89% | 5.90% to 7.88% | $2.17M | Burger King NNN for sale |
| Circle K | 2 | 6.38% | 6.00% to 6.75% | $2.98M | Circle K NNN for sale |
| Endeavor Health | 2 | 7.00% | 7.00% to 7.00% | $2.21M | |
| Firestone | 2 | 6.38% | 6.00% to 6.75% | $1.90M | Firestone NNN for sale |
Tenants with the most Illinois listings observed (top 40 of 166). Tenants with a linked page have a full credit and inventory profile; 183 of the 337 listings belong to tenants with a profile page.
Illinois NNN Properties by Category
- QSR NNN properties for sale (35 in Illinois across 8 tenants)
- Dollar Store NNN properties for sale (35 in Illinois across 3 tenants)
- Pharmacy NNN properties for sale (30 in Illinois across 2 tenants)
- Auto Parts and Service NNN properties for sale (13 in Illinois across 5 tenants)
- Gas Station and C-Store NNN properties for sale (12 in Illinois across 2 tenants)
- Healthcare NNN properties for sale (8 in Illinois across 3 tenants)
- Bank Branch NNN properties for sale (6 in Illinois across 2 tenants)
- Grocery and Big Box NNN properties for sale (2 in Illinois across 1 tenants)
- Casual Dining NNN properties for sale (2 in Illinois across 1 tenants)
Counts cover tenants with a profile page; the category pages aggregate the same tenants nationally.
Illinois NNN Properties by City
The cities with the most observed Illinois listings are Chicago (32), Springfield (12), Peoria (10). Tap any city in the table to filter the full listing browser to that city.
| City | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Chicago | 32 | 6.75% | $3.46M |
| Springfield | 12 | 6.88% | $3.62M |
| Peoria | 10 | 6.15% | $2.92M |
| Moline | 9 | 7.00% | $2.29M |
| Homewood | 6 | 7.38% | $3.58M |
| Champaign | 5 | 6.15% | $3.43M |
| Decatur | 5 | 6.75% | $3.95M |
| East Peoria | 5 | 6.50% | $2.71M |
| Rockford | 5 | 7.25% | $2.58M |
| Danville | 4 | 8.24% | $2.17M |
| Forsyth | 4 | 7.63% | $1.85M |
| Mokena | 4 | 6.63% | $4.40M |
| Naperville | 4 | 6.30% | $5.40M |
| Round Lake Beach | 4 | 7.81% | $4.52M |
| Vernon Hills | 4 | 6.13% | $13.18M |
| Addison | 3 | 6.50% | $6.76M |
| Aurora | 3 | 8.00% | $3.85M |
| Bloomington | 3 | 6.15% | $2.86M |
| Bolingbrook | 3 | 7.50% | $4.65M |
| Effingham | 3 | 6.15% | $3.64M |
Cities with the most Illinois listings observed (top 20 of 194). Tap a city to filter the full listing browser.
How Illinois Prices Against the National NNN Market
The Illinois median asking cap rate of 6.97% sits 62 bps above the national median of 6.35%. A state median reflects both location and which tenants happen to be on the market, which is why the key findings above compare the same tenants inside and outside Illinois. Compare any listing with its tenant’s national cap rate bands on the tenant page before reading the state spread as a discount or a premium; the investment grade guide explains how tenant credit sets the floor under those bands.
Illinois Taxes and the 1031 Exchange Buyer
General information, not tax or legal advice. Rates and rules change, so confirm each item below with your CPA, tax attorney and qualified intermediary before you rely on it. Statutes were read as of October 25, 2026.
- Income tax. Illinois taxes individuals, trusts and estates at a flat 4.95 percent of net income for tax years beginning on or after July 1, 2017 (35 ILCS 5/201(b)(5.4)). Illinois base income for individuals starts from federal adjusted gross income (35 ILCS 5/203(a)(1) and (e)(1)), and Section 203 lists no addition modification for gain deferred under Internal Revenue Code Section 1031, including when the replacement property is outside Illinois. Ask your CPA how any gain recognized later would be sourced.
- Transfer taxes. The state real estate transfer tax is 50 cents for each $500 of value or fraction of $500 stated in the transfer declaration (35 ILCS 200/31-10). A county board may impose a county real estate transfer tax at 25 cents for each $500 of value or fraction thereof (55 ILCS 5/5-1031). Chicago imposes a real property transfer tax under Chapter 3-33 of the Chicago Municipal Code at $3.75 per $500 of transfer price (the City portion) plus a $1.50 per $500 supplemental CTA portion, $5.25 per $500 in total; per the City of Chicago Department of Finance, the buyer generally pays $3.75 and the seller $1.50. A Chicago closing therefore carries more transfer tax than one subject only to the state and county taxes.
- Property tax. The Cook County Assessor lists a 25 percent level of assessment for its commercial and industrial classes, with separate levels for incentive classes (class definitions revised December 16, 2024). Illinois law requires counties of 3,000,000 or more inhabitants to reassess each assessment district every three years (35 ILCS 200/9-220(b)). Outside Cook County, the statutory level of assessment is 33 1/3 percent of fair cash value (35 ILCS 200/9-145), with farmland and some other property assessed under separate rules (for farmland, 35 ILCS 200/10-110 through 10-140); the Illinois Department of Revenue notes that Cook County uses a different, class-based system. Who pays the tax depends on the lease, so confirm it in the lease; a reassessment still affects what a replacement tenant could afford in rent, which belongs in the underwriting of any Chicago-area net lease.
- Exchange timing. Replacement property must be identified within 45 days after the sale of the relinquished property and received by the earlier of 180 days after that sale or the due date, including extensions, of your tax return for that year (Internal Revenue Code Section 1031(a)(3); Treasury Regulation 1.1031(k)-1(b)(2)). Ask your qualified intermediary to confirm your exact dates, and use the full listing browser above to filter Illinois inventory by tenant and city, or each tenant page for national inventory on the same credit.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Illinois across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. A listing counts while it is actively marketed; listings marked under contract, pending or closed are excluded, as are listings priced under $150,000. Medians use published asking figures only, so they describe what sellers are asking, not closed sale prices. The same-tenant comparison takes each tenant’s median asking cap rate in Illinois and compares it with that tenant’s median in other states, for tenants with at least three Illinois listings and five listings elsewhere, weighted by Illinois listing count. Days on market are measured from the date a listing was first observed.
Frequently Asked Questions: NNN Properties For Sale in Illinois
How many NNN properties are for sale in Illinois right now?
As of October 26, 2026, 337 single-tenant net lease properties are observed for sale in Illinois across 166 tenants and 194 cities. The count updates automatically as listings are added and withdrawn.
What cap rates are Illinois NNN properties asking?
The median asking cap rate across observed Illinois listings is 6.97%, with the middle half of listings between 6.00% and 7.60%. That median is 62 bps above the national median of 6.35%. Cap rates vary by tenant, guarantee, remaining term and location; confirm the lease before relying on any single figure.
Which tenants have the most NNN listings in Illinois?
The tenants with the most observed Illinois listings right now are Walgreens (25), Dollar General (24), 7-Eleven (10). The tenant table above lists the top 40.
Which Illinois cities have the most NNN properties for sale?
The cities with the most observed listings are Chicago (32), Springfield (12), Peoria (10). The city table above lists the top 20 and filters the full listing browser.
Are these listings offered by Investment Grade?
No. These are market observations aggregated from publicly marketed offerings and broker materials, not offerings by Investment Grade Income Property, LP. Registering for full property data connects you with our team for buyer representation and due diligence; the listing broker remains the listing broker.
NNN Properties For Sale in Other States
- NNN properties for sale in Arizona (160 listings)
- NNN properties for sale in California (444 listings)
- NNN properties for sale in Florida (678 listings)
- NNN properties for sale in Georgia (314 listings)
- NNN properties for sale in Maryland (54 listings)
- NNN properties for sale in New Jersey (74 listings)
- NNN properties for sale in New York (185 listings)
- NNN properties for sale in North Carolina (288 listings)
- NNN properties for sale in Tennessee (209 listings)
- NNN properties for sale in Texas (915 listings)
- NNN properties for sale in Utah (53 listings)
Browse NNN Properties For Sale by Tenant and Category
- All NNN properties for sale by tenant
- QSR NNN properties for sale
- Dollar store NNN properties for sale
- Pharmacy NNN properties for sale
- Gas station and c-store NNN properties for sale
- Search every Illinois listing in the full NNN search
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,323 1031 exchange NNN properties for sale nationally, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date if that comes first.
