Planet Fitness 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 | Planet Fitness | Wendy's |
|---|---|---|
| Active listings | 3 | 42 |
| Average asking price | $4.10M | $2.25M |
| Median asking price | $4.03M | $2.29M |
| Average asking cap rate | 6.90% | 5.78% |
| Median asking cap rate | 6.50% | 5.85% |
| Median lease term left | 10.0 years | 14.8 years |
| Top states | Georgia (1), New Mexico (1), Washington (1) | Virginia (9), Michigan (8), Florida (7) |
Planet Fitness listings · Wendy's listings · NNN Cap Rate Report
Planet Fitness vs Wendy's FAQ
How many Planet Fitness and Wendy's net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 3 active Planet Fitness listings and 42 active Wendy's listings.
Which has higher cap rates, Planet Fitness or Wendy's?
Planet Fitness listings have the higher median asking cap rate: 6.50% for Planet Fitness vs 5.85% for Wendy's, a gap of 65 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Planet Fitness property cost compared with Wendy's?
The median asking price is $4.03M for Planet Fitness and $2.29M for Wendy's (as of October 23, 2026).
Which has more lease term left, Planet Fitness or Wendy's?
The median remaining primary term is 10.0 years for Planet Fitness and 14.8 years for Wendy's (as of October 23, 2026).