Panda Express NNN Properties for Sale

2 live Panda Express listings as of October 7, 2026.

Panda Express cap rates by band

Panda Express listings by state

Panda Express remaining lease term

Buying Panda Express in a 1031 exchange

In a 1031 exchange, replacement property must be identified within 45 days of selling the relinquished property and the purchase must close within 180 days. A qualified intermediary holds the sale proceeds in between. Speak with your own tax adviser about your situation.

2 of the 2 live Panda Express listings have 10 or more years of primary lease term remaining (as of October 7, 2026).

Panda Express due-diligence checklist

• Read the full lease: confirm the firm term, renewal options, rent schedule and every landlord responsibility.
• Confirm who guarantees the lease (corporate, franchisee or personal) and review the guarantor’s financial statements where available.
• Order tenant estoppel and SNDA documents before closing.
• Review the title commitment, survey and zoning report for the parcel.
• Commission a Phase I environmental site assessment.
• Inspect the roof, structure, parking lot and HVAC, and confirm any warranties.
• Verify property tax, insurance and CAM reimbursements against the lease.
• Review store-level sales or rent-to-sales data if the tenant reports it.

Panda Express net lease FAQ

How many Panda Express net lease properties are for sale?

Net Lease World shows 2 live Panda Express listings as of October 7, 2026.

What cap rates are Panda Express properties listed at?

Live Panda Express listings with a published cap rate range from 4.75% to 5.25%, with a median of 5.00% (as of October 7, 2026). These are asking cap rates, not closed sales.

What is the typical asking price for a Panda Express property?

The median asking price across live Panda Express listings with a published price is $2.65M (as of October 7, 2026).

Which states have the most Panda Express listings?

California (1). Listings appear in 1 state in total (as of October 7, 2026).

How much lease term is left on Panda Express listings?

The median remaining primary lease term is 16.0 years; 2 listings have 10 or more years remaining (as of October 7, 2026).