Popeyes vs Wawa: 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 | Wawa |
|---|---|---|
| Active listings | 17 | 10 |
| Average asking price | $2.45M | $5.77M |
| Median asking price | $2.48M | $6.46M |
| Average asking cap rate | 5.67% | 4.89% |
| Median asking cap rate | 5.80% | 4.88% |
| Median lease term left | 15.4 years | 19.8 years |
| Top states | Louisiana (3), North Carolina (2), South Carolina (2) | Florida (3), Delaware (2), New Jersey (2) |
Popeyes listings · Wawa listings · NNN Cap Rate Report
Popeyes vs Wawa FAQ
How many Popeyes and Wawa net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 17 active Popeyes listings and 10 active Wawa listings.
Which has higher cap rates, Popeyes or Wawa?
Popeyes listings have the higher median asking cap rate: 5.80% for Popeyes vs 4.88% for Wawa, a gap of 92 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Popeyes property cost compared with Wawa?
The median asking price is $2.48M for Popeyes and $6.46M for Wawa (as of October 23, 2026).
Which has more lease term left, Popeyes or Wawa?
The median remaining primary term is 15.4 years for Popeyes and 19.8 years for Wawa (as of October 23, 2026).