Starbucks NNN Cap Rates
Starbucks asking cap rates right now
34 active Starbucks listings on Net Lease World as of October 15, 2026.
Across listings that publish a cap rate, the median asking cap rate is 5.50% and the average is 5.55%, ranging from 4.25% to 7.50%.
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% | 6 | $4,151,309 |
| 5.00% – 5.99% | 16 | $2,759,769 |
| 6.00% – 6.99% | 10 | $2,557,623 |
| 7.00% – 7.99% | 2 | $4,301,000 |
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 | 2 | 5.25% |
| 5 – 9.9 years | 15 | 5.66% |
| 10 – 14.9 years | 11 | 5.68% |
| 15+ years | 6 | 5.13% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| California | 5 | 4.95% |
| Indiana | 4 | 5.69% |
| Arizona | 3 | 5.22% |
| Texas | 3 | 6.40% |
| Florida | 2 | 4.72% |
| Illinois | 2 | 6.63% |
| Nevada | 2 | 5.00% |
| Washington | 2 | 4.80% |
| Georgia | 1 | 5.48% |
| Iowa | 1 | 6.00% |
| Minnesota | 1 | 5.50% |
| Missouri | 1 | 7.00% |
| New Jersey | 1 | 5.25% |
| New Mexico | 1 | 6.10% |
| North Carolina | 1 | 5.80% |
Frequently asked questions
What is the average Starbucks cap rate?
The average asking cap rate across 34 active Starbucks listings on Net Lease World is 5.55% as of October 15, 2026 (median 5.50%).
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 Starbucks listings?
Set a free alert on the Starbucks page and we will email you when one lists.