Panda Express vs Wendy's: 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 | Wendy's |
|---|---|---|
| Active listings | 1 | 42 |
| Average asking price | $3.10M | $2.25M |
| Median asking price | $3.10M | $2.29M |
| Average asking cap rate | 5.25% | 5.78% |
| Median asking cap rate | 5.25% | 5.85% |
| Median lease term left | 12.0 years | 14.8 years |
| Top states | California (1) | Virginia (9), Michigan (8), Florida (7) |
Panda Express listings · Wendy's listings · NNN Cap Rate Report
Panda Express vs Wendy's FAQ
How many Panda Express and Wendy's net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 1 active Panda Express listing and 42 active Wendy's listings.
Which has higher cap rates, Panda Express or Wendy's?
Wendy's listings have the higher median asking cap rate: 5.25% for Panda Express vs 5.85% for Wendy's, a gap of 60 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Panda Express property cost compared with Wendy's?
The median asking price is $3.10M for Panda Express and $2.29M for Wendy's (as of October 23, 2026).
Which has more lease term left, Panda Express or Wendy's?
The median remaining primary term is 12.0 years for Panda Express and 14.8 years for Wendy's (as of October 23, 2026).