Panda Express vs Walgreens: 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 | Walgreens |
|---|---|---|
| Active listings | 1 | 87 |
| Average asking price | $3.10M | $4.69M |
| Median asking price | $3.10M | $4.17M |
| Average asking cap rate | 5.25% | 7.13% |
| Median asking cap rate | 5.25% | 7.00% |
| Median lease term left | 12.0 years | 8.0 years |
| Top states | California (1) | Florida (13), North Carolina (8), Illinois (6) |
Panda Express listings · Walgreens listings · NNN Cap Rate Report
Panda Express vs Walgreens FAQ
How many Panda Express and Walgreens net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 1 active Panda Express listing and 87 active Walgreens listings.
Which has higher cap rates, Panda Express or Walgreens?
Walgreens listings have the higher median asking cap rate: 5.25% for Panda Express vs 7.00% for Walgreens, a gap of 175 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Panda Express property cost compared with Walgreens?
The median asking price is $3.10M for Panda Express and $4.17M for Walgreens (as of October 23, 2026).
Which has more lease term left, Panda Express or Walgreens?
The median remaining primary term is 12.0 years for Panda Express and 8.0 years for Walgreens (as of October 23, 2026).