Panda Express 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 | Panda Express | Popeyes |
|---|---|---|
| Active listings | 1 | 17 |
| Average asking price | $3.10M | $2.45M |
| Median asking price | $3.10M | $2.48M |
| Average asking cap rate | 5.25% | 5.67% |
| Median asking cap rate | 5.25% | 5.80% |
| Median lease term left | 12.0 years | 15.4 years |
| Top states | California (1) | Louisiana (3), North Carolina (2), South Carolina (2) |
Panda Express listings · Popeyes listings · NNN Cap Rate Report
Panda Express vs Popeyes FAQ
How many Panda Express and Popeyes net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 1 active Panda Express listing and 17 active Popeyes listings.
Which has higher cap rates, Panda Express or Popeyes?
Popeyes listings have the higher median asking cap rate: 5.25% for Panda Express vs 5.80% for Popeyes, a gap of 55 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Panda Express property cost compared with Popeyes?
The median asking price is $3.10M for Panda Express and $2.48M for Popeyes (as of October 23, 2026).
Which has more lease term left, Panda Express or Popeyes?
The median remaining primary term is 12.0 years for Panda Express and 15.4 years for Popeyes (as of October 23, 2026).