Chipotle vs Popeyes: Net Lease Comparison
Figures below come from active Net Lease World listings as of October 23, 2026. Asking cap rates, not closed sales.
| Metric | Chipotle | Popeyes |
|---|---|---|
| Active listings | 26 | 17 |
| Average asking price | $3.48M | $2.45M |
| Median asking price | $3.53M | $2.48M |
| Average asking cap rate | 5.02% | 5.67% |
| Median asking cap rate | 5.05% | 5.80% |
| Median lease term left | 14.0 years | 15.4 years |
| Top states | Florida (4), Illinois (4), Arizona (3) | Louisiana (3), North Carolina (2), South Carolina (2) |
Chipotle listings · Popeyes listings · NNN Cap Rate Report
Chipotle vs Popeyes FAQ
How many Chipotle and Popeyes net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 26 active Chipotle listings and 17 active Popeyes listings.
Which has higher cap rates, Chipotle or Popeyes?
Popeyes listings have the higher median asking cap rate: 5.05% for Chipotle vs 5.80% for Popeyes, a gap of 75 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Chipotle property cost compared with Popeyes?
The median asking price is $3.53M for Chipotle and $2.48M for Popeyes (as of October 23, 2026).
Which has more lease term left, Chipotle or Popeyes?
The median remaining primary term is 14.0 years for Chipotle and 15.4 years for Popeyes (as of October 23, 2026).