Medium‐entropy alloys (MEAs) are becoming increasingly popular owing to their superior mechanical features. Using molecular dynamics (MD) simulations, we, for the first time, investigate in this work how grain boundaries (GBs) and dislocations affect the mechanical properties of face‐centered cubic (FCC) equiatomic NiCoAl MEA. We analyze lattice distortion, elastic constants and moduli, machinability index, Vickers hardness, and Kleinman parameters to explore how grain boundaries affect NiCoAl MEA. It tends to become more rigid based on the link between its elastic moduli and GBs. Interestingly, our analyses of Cauchy pressure, Poisson’s, and Pugh’s ratios all indicate the ductility of the studied MEA. The investigation of anisotropy factors indicates that NiCoAl MEA exhibits anisotropy, which is reduced by the addition of GBs. Mechanical properties of our considered MEA, such as ductility, fracture toughness, and stability, are significantly influenced by the GBs. Our results show that studying these phenomena can help us design structural nano‐metal materials with superior mechanical properties, allowing them to be used in various applications.This article is protected by copyright. All rights reserved.