Popeyes 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 | Popeyes | Walgreens |
|---|---|---|
| Active listings | 17 | 87 |
| Average asking price | $2.45M | $4.69M |
| Median asking price | $2.48M | $4.17M |
| Average asking cap rate | 5.67% | 7.13% |
| Median asking cap rate | 5.80% | 7.00% |
| Median lease term left | 15.4 years | 8.0 years |
| Top states | Louisiana (3), North Carolina (2), South Carolina (2) | Florida (13), North Carolina (8), Illinois (6) |
Popeyes listings · Walgreens listings · NNN Cap Rate Report
Popeyes vs Walgreens FAQ
How many Popeyes and Walgreens net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 17 active Popeyes listings and 87 active Walgreens listings.
Which has higher cap rates, Popeyes or Walgreens?
Walgreens listings have the higher median asking cap rate: 5.80% for Popeyes vs 7.00% for Walgreens, a gap of 120 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Popeyes property cost compared with Walgreens?
The median asking price is $2.48M for Popeyes and $4.17M for Walgreens (as of October 23, 2026).
Which has more lease term left, Popeyes or Walgreens?
The median remaining primary term is 15.4 years for Popeyes and 8.0 years for Walgreens (as of October 23, 2026).