Population
2,310,000
Growth (5Y)
+9.6%
Median Income
$57,000
Metro GDP
$538B
Market Overview
Houston is the energy capital of the world and one of the most active NNN investment markets in the nation by transaction count. Despite occasional energy cycle volatility, the metro's enormous and diversified economy (energy, medical, shipping, aerospace) creates exceptional long-term NNN demand. The Texas Medical Center alone generates $22B in annual economic output. With no state income tax and a sprawling suburban retail landscape, Houston offers NNN investors strong cap rates (5.25–6.75%) with excellent long-term fundamentals.
Key Highlights
Energy capital of the world with 5,000+ energy companies headquartered in the metro
World's largest medical center (Texas Medical Center) supports healthcare-adjacent retail
Port of Houston is the nation's largest by foreign tonnage, anchoring logistics economy
Largest city in Texas and fourth largest in the US with enormous retail consumer base
Why Invest in Houston
- 14th largest city in the US with massive retail consumer base
- 2Energy industry recovery drives high-income employment and discretionary retail spending
- 3Texas Medical Center is the world's largest — healthcare-anchored retail is extremely stable
- 4Strong cap rates with upside as energy economy continues to diversify into tech and renewables
Recent NNN Activity
"Houston recorded $1.1B in net lease transactions in 2024. The Katy, Sugar Land, and Woodlands submarkets drove the most new NNN construction activity. Energy sector recovery in 2024 pushed office-adjacent retail NNN assets to premium pricing."
NNN Snapshot
Cap Rate Range
5.25% - 6.75%
Price Range
$1.4M - $4.6M
Avg Lease Term
13 Years
Unemployment Rate
4.1%
Active NNN Tenants
McDonald'sWhataburgerWalgreensDollar GeneralAutoZone7-ElevenH-E-B (Kroger)
Major Employers
ExxonMobilConocoPhillipsChevronSchlumbergerTexas Medical CenterShell
Find NNN Properties in Houston
Our advisors have exclusive, off-market NNN inventory in the Houston market right now. Contact us to see what's available before it hits the public market.