Burger King NNN Cap Rates
Burger King asking cap rates right now
34 active Burger King listings on Net Lease World as of November 4, 2026.
Across listings that publish a cap rate, the median asking cap rate is 6.00% and the average is 6.09%, ranging from 4.29% to 9.57%.
These are asking cap rates on active listings, not closed sales. Final pricing can differ.
| Cap rate band | Listings | Average asking price |
|---|---|---|
| Under 5.00% | 2 | $4,222,000 |
| 5.00% – 5.99% | 14 | $2,635,284 |
| 6.00% – 6.99% | 15 | $2,157,575 |
| 7.00% – 7.99% | 1 | $1,476,000 |
| 8.00% and above | 2 | $2,163,000 |
Cap rate by remaining lease term
Longer remaining terms usually price at lower cap rates. Here is how our live listings break down.
| Term remaining | Listings | Average asking cap rate |
|---|---|---|
| Under 5 years | 4 | 7.11% |
| 5 – 9.9 years | 7 | 5.61% |
| 10 – 14.9 years | 9 | 5.91% |
| 15+ years | 14 | 6.16% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| Connecticut | 4 | 5.72% |
| Georgia | 3 | 5.94% |
| Mississippi | 3 | 6.19% |
| Tennessee | 3 | 6.76% |
| California | 2 | 5.39% |
| Iowa | 2 | 6.82% |
| Kentucky | 2 | 6.13% |
| Massachusetts | 2 | 6.00% |
| Ohio | 2 | 6.10% |
| Texas | 2 | 5.00% |
| Wisconsin | 2 | 6.35% |
| Illinois | 1 | 5.50% |
| Indiana | 1 | 5.90% |
| Kansas | 1 | 9.57% |
| Louisiana | 1 | 5.50% |
Frequently asked questions
What is the average Burger King cap rate?
The average asking cap rate across 34 active Burger King listings on Net Lease World is 6.09% as of November 4, 2026 (median 6.00%).
Are these closed sale cap rates?
No. They are asking cap rates on active listings. Closed sale prices can be higher or lower.
How do I hear about new Burger King listings?
Set a free alert on the Burger King page and we will email you when one lists.