Papa Murphy's NNN Properties for Sale
1 live Papa Murphy's listing as of October 7, 2026.
Papa Murphy's cap rates by band
| Cap rate band | Listings | Average asking price |
|---|---|---|
| 7.00% – 7.99% | 1 | $1.10M |
Papa Murphy's listings by state
| State | Listings | Average cap rate |
|---|---|---|
| Oregon | 1 | 7.25% |
Papa Murphy's remaining lease term
| Remaining term | Listings | Average cap rate |
|---|---|---|
| 5 – 9.9 years | 1 | 7.25% |
Buying Papa Murphy's 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.
Papa Murphy's 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.
Papa Murphy's net lease FAQ
How many Papa Murphy's net lease properties are for sale?
Net Lease World shows 1 live Papa Murphy's listing as of October 7, 2026.
What cap rates are Papa Murphy's properties listed at?
Live Papa Murphy's listings with a published cap rate range from 7.25% to 7.25%, with a median of 7.25% (as of October 7, 2026). These are asking cap rates, not closed sales.
What is the typical asking price for a Papa Murphy's property?
The median asking price across live Papa Murphy's listings with a published price is $1.10M (as of October 7, 2026).
Which states have the most Papa Murphy's listings?
Oregon (1). Listings appear in 1 state in total (as of October 7, 2026).
How much lease term is left on Papa Murphy's listings?
The median remaining primary lease term is 6.0 years; 0 listings have 10 or more years remaining (as of October 7, 2026).
Live Papa Murphy's listings
- Papa Murphy's — Portland, OR · Asking $1.10M · 7.25% cap rate