Popeyes 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 | Popeyes | Wendy's |
|---|---|---|
| Active listings | 17 | 42 |
| Average asking price | $2.45M | $2.25M |
| Median asking price | $2.48M | $2.29M |
| Average asking cap rate | 5.67% | 5.78% |
| Median asking cap rate | 5.80% | 5.85% |
| Median lease term left | 15.4 years | 14.8 years |
| Top states | Louisiana (3), North Carolina (2), South Carolina (2) | Virginia (9), Michigan (8), Florida (7) |
Popeyes listings · Wendy's listings · NNN Cap Rate Report
Popeyes vs Wendy's FAQ
How many Popeyes and Wendy's net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 17 active Popeyes listings and 42 active Wendy's listings.
Which has higher cap rates, Popeyes or Wendy's?
Wendy's listings have the higher median asking cap rate: 5.80% for Popeyes vs 5.85% for Wendy's, a gap of 5 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Popeyes property cost compared with Wendy's?
The median asking price is $2.48M for Popeyes and $2.29M for Wendy's (as of October 23, 2026).
Which has more lease term left, Popeyes or Wendy's?
The median remaining primary term is 15.4 years for Popeyes and 14.8 years for Wendy's (as of October 23, 2026).