Walgreens 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 | Walgreens | Wawa |
|---|---|---|
| Active listings | 87 | 10 |
| Average asking price | $4.69M | $5.77M |
| Median asking price | $4.17M | $6.46M |
| Average asking cap rate | 7.13% | 4.89% |
| Median asking cap rate | 7.00% | 4.88% |
| Median lease term left | 8.0 years | 19.8 years |
| Top states | Florida (13), North Carolina (8), Illinois (6) | Florida (3), Delaware (2), New Jersey (2) |
Walgreens listings · Wawa listings · NNN Cap Rate Report
Walgreens vs Wawa FAQ
How many Walgreens and Wawa net lease properties are for sale?
As of October 23, 2026, Net Lease World shows 87 active Walgreens listings and 10 active Wawa listings.
Which has higher cap rates, Walgreens or Wawa?
Walgreens listings have the higher median asking cap rate: 7.00% for Walgreens vs 4.88% for Wawa, a gap of 212 basis points (as of October 23, 2026). These are asking cap rates, not closed sales.
What does a Walgreens property cost compared with Wawa?
The median asking price is $4.17M for Walgreens and $6.46M for Wawa (as of October 23, 2026).
Which has more lease term left, Walgreens or Wawa?
The median remaining primary term is 8.0 years for Walgreens and 19.8 years for Wawa (as of October 23, 2026).