Starbucks 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 | Starbucks | Walgreens |
|---|---|---|
| Active listings | 34 | 87 |
| Average asking price | $3.04M | $4.69M |
| Median asking price | $2.77M | $4.17M |
| Average asking cap rate | 5.55% | 7.13% |
| Median asking cap rate | 5.50% | 7.00% |
| Median lease term left | 9.8 years | 8.0 years |
| Top states | California (5), Indiana (4), Arizona (3) | Florida (13), North Carolina (8), Illinois (6) |
Starbucks listings · Walgreens listings · NNN Cap Rate Report
Starbucks vs Walgreens FAQ
How many Starbucks and Walgreens net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 34 active Starbucks listings and 87 active Walgreens listings.
Which has higher cap rates, Starbucks or Walgreens?
Walgreens listings have the higher median asking cap rate: 5.50% for Starbucks vs 7.00% for Walgreens, a gap of 150 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Starbucks property cost compared with Walgreens?
The median asking price is $2.77M for Starbucks and $4.17M for Walgreens (as of October 23, 2026).
Which has more lease term left, Starbucks or Walgreens?
The median remaining primary term is 9.8 years for Starbucks and 8.0 years for Walgreens (as of October 23, 2026).