Walgreens NNN Cap Rates
Walgreens asking cap rates right now
87 active Walgreens listings on Net Lease World as of October 15, 2026.
Across listings that publish a cap rate, the median asking cap rate is 7.00% and the average is 7.13%, ranging from 4.50% to 10.72%.
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 | $4,665,000 |
| 5.00% – 5.99% | 15 | $5,948,700 |
| 6.00% – 6.99% | 24 | $5,519,125 |
| 7.00% – 7.99% | 24 | $4,061,741 |
| 8.00% and above | 22 | $3,627,927 |
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 | 21 | 7.33% |
| 5 – 9.9 years | 31 | 7.88% |
| 10 – 14.9 years | 30 | 6.44% |
| 15+ years | 5 | 5.74% |
Cap rate by state
States with active listings (50 states only; DC and territories are reported separately).
| State | Listings | Average asking cap rate |
|---|---|---|
| Florida | 13 | 6.65% |
| North Carolina | 8 | 7.02% |
| Illinois | 6 | 7.22% |
| Indiana | 5 | 8.62% |
| Washington | 5 | 7.22% |
| Iowa | 4 | 7.72% |
| Missouri | 4 | 6.40% |
| Ohio | 4 | 6.41% |
| Texas | 4 | 6.33% |
| Minnesota | 3 | 8.00% |
| Colorado | 2 | 7.32% |
| Connecticut | 2 | 9.50% |
| Georgia | 2 | 6.74% |
| New Hampshire | 2 | 7.18% |
| New York | 2 | 6.44% |
Frequently asked questions
What is the average Walgreens cap rate?
The average asking cap rate across 87 active Walgreens listings on Net Lease World is 7.13% as of October 15, 2026 (median 7.00%).
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 Walgreens listings?
Set a free alert on the Walgreens page and we will email you when one lists.