Popeyes vs Wawa: Net Lease Comparison
Figures below come from live Net Lease World listings as of October 7, 2026.
| Metric | Popeyes | Wawa |
|---|---|---|
| Live listings | 17 | 11 |
| Median asking cap rate | 5.80% | 4.76% |
| Cap rate range | 4.25%–6.30% | 4.50%–5.65% |
| Median asking price | $2.48M | $6.20M |
| Median remaining term | 15.4 yrs | 20.0 yrs |
| States with listings | 12 | 4 |