NNN Deal Finder

LoopNet vs Crexi for Net Lease Buyers — An Honest Comparison

Dwaine Clarke · NNN Deal Finder / GCT Commercial

Published July 16, 2026

Both platforms will show you a thousand NNN listings tonight. The differences worth knowing are structural — and so is what neither shows.

Where LoopNet wins

Reach and inertia: it remains the biggest commercial listing brand, so nearly everything publicly marketed lands there eventually, and its CoStar parentage means deep property-record data behind the listings. Sellers’ brokers treat it as the default billboard. For coverage-checking a market you don’t know, it’s the wider net.

Where Crexi wins

Purpose-fit: cleaner filters for tenant, cap rate, and lease term (the searches net lease buyers actually run), a faster interface, more generous free access to deal documents, and an auction channel that has become genuinely important for price discovery on secondary product. Crexi grew up in the investment-sales era and it shows.

Where both lose

Timing and completeness. The best deals get shopped through buyer lists and broker networks before — or instead of — public posting; by portal day, the A-tier is often gone or priced to retail. Portal data also flatters: asking caps aren’t closing caps, “NNN” labels ignore maintenance articles, and stale listings linger like ghosts. The portals are the visible 70% of the market, discovered late.

The practical workflow

Browse both free, set alerts on your criteria, and treat everything as a lead for underwriting rather than a fact pattern. Then put your criteria into the invisible 30%: buyer representation costs nothing and registers you where deals circulate first. Related comparisons: Crexi’s rival vs CoStar and CityFeet vs LoopNet.

FAQs

Do serious NNN buyers use LoopNet or Crexi more?

Most use both — they're free to browse and overlap maybe 60-70% on single-tenant retail, so checking each catches the other's exclusives. The professional pattern: Crexi for its cleaner net lease filtering and auction platform, LoopNet for sheer reach and the CoStar data underneath, and broker relationships for everything that never posts publicly.

Are the cap rates shown on listing sites accurate?

Treat them as advertising. Portal cap rates capitalize whatever NOI the seller's broker chose — sometimes pro-forma rent, sometimes pre-expense figures on NN paper. Recomputing from the actual lease and verified expenses routinely moves the real number 25-75 basis points. The portals aren't lying; they're just repeating what they were given.

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