NNN Net Lease Gas Station — Passive Investment Options
NNN net lease gas station searches are usually high-intent: buyers want a short list of qualified opportunities, clear deal structure, and a fast path to diligence. If you’re serious about buying (or selling) a fuel asset, the win is not “more listings”—it’s better screening, cleaner disclosures, and tighter execution.
We work nationwide with operators and investors to source on‑market and off‑market opportunities, qualify fit, and move efficiently from underwriting to contract to close. Start with your buy box on the Buy page, or if you’re selling, review our confidentiality-first approach on Sell.
What buyers usually mean by “NNN net lease gas station”
- Deal type: investors want a passive structure where the tenant operates; the lease is the asset.
- Preferred economics: rent coverage, tenant strength, term/renewals, and whether rent is supportable by the site’s true performance.
- Speed: short lists and fast screening—so you’re only diligencing what can actually close.
- Risk limits: weak coverage, short term, or tenant obligations that are unclear in the lease.
Typical deal structures you’ll see
Most fuel assets trade under a few common structures. Knowing which one you’re evaluating is the fastest way to price correctly and avoid surprises. We break these down in plain English on Transaction Types.
- Real estate + business: Common when buyers want long-term control and equity in the dirt.
- Business-only / leasehold: Common when the real estate is leased; focus on term, options, and rent coverage.
- NNN / net lease: This is the primary structure—focus on lease language, guarantees, reporting, maintenance responsibilities, and default remedies.
- Ground lease / sale-leaseback: Used when land is leased separately; impacts control, rent escalations, and exit value.
Due diligence that matters most
Gas station transactions are not like standard retail. The diligence stack is deeper and timing matters. Use our checklist page as your baseline: Gas Station Due Diligence.
- Environmental & compliance: Phase I history, UST records, past releases, compliance documentation.
- Fuel economics: branded vs unbranded terms, rack-to-retail spread, fees, supply agreement constraints.
- Merchandise performance: category mix, shrink controls, beer/wine eligibility, lottery, foodservice if applicable.
- Site fundamentals: access, turning radius, visibility, parking/stacking, canopy/pumps age and condition.
- Financial reality: normalized expenses, payroll model, card fees, rent/taxes/insurance, and capex.
How we help you move from “search” to closing
- Qualified sourcing: on‑market + quiet outreach for off‑market opportunities via our network.
- Fit screening: we align on your buy box, target deal structure, and underwriting rules before you review.
- Clean execution: tighter timelines, coordinated diligence, and fewer false starts.
- Financing & 1031 support: coordinate capital and timelines (see Financing and 1031 Exchange).
Common mistakes we help buyers avoid
- Pricing the deal before confirming structure and transferability.
- Underestimating capex on pumps, canopy, and systems that affect uptime.
- Ignoring supply and fee details that change net margin.
- Relying on unverified financials instead of normalized, supportable numbers.
Quick FAQs
What does NNN mean in practice?
The tenant typically pays taxes, insurance, and maintenance. Lease language defines what’s truly covered.
What matters most for valuation?
Tenant quality, remaining term, rent coverage, and the durability of the location.
Do you need site financials on an NNN deal?
Ideally yes—coverage analysis reduces risk, even if the lease is 'passive'.
Are rent escalations important?
Yes. Escalation schedule and options affect long-term yield and exit pricing.
What’s a common red flag?
A lease that shifts major capex back to the landlord, or rent that isn’t supported by site economics.
Can you source net lease deals off-market?
Sometimes—especially when owners are consolidating or refinancing portfolios.
Want a curated short list? Start with your criteria on Buyer Intake. If you’re evaluating a sale, see How We Work for what happens next.
Common questions
Do you represent buyers and sellers nationwide?
Yes. We operate nationwide and coordinate execution locally as needed.
Will I see exact addresses in emails?
Exact locations are typically shared after qualification to protect confidentiality.
Can you help with financing or 1031 exchanges?
Yes. We coordinate with lenders and intermediaries as part of the transaction plan.
How do you reduce wasted time?
Clear criteria, qualification, and a structured diligence checklist keep the process focused.
What’s the fastest way to start?
Call/text or submit a short criteria form. We’ll confirm fit and next steps.
Related resources
Quick links to key pages visitors usually want next: