Popeyes U.S. comps -5.2% Q2’26Wingstop domestic SSS -7.5% Q2’26KFC U.S. units 3,523 YE’25Dave’s unit growth +52.3% FY’25Chick-fil-A AUV $9.16MCane’s systemwide $5.48B FY’25Franchisee QSR cap 6.85%Corporate QSR cap 5.85%Category growth +5.3% ’25Wings wholesale $0.98/lb YE’25
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Marketplace

Chicken Real Estate Marketplace

Chicken restaurant investment properties listed with CSW — net-leased assets, second-generation boxes, development sites and land.

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CSW does not publish placeholder listings. The marketplace goes live with the first property brought to the desk — until then, the transaction database carries verified comparable sales and the real estate desk carries current cap rate benchmarks.

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What trades here

Net-leased chicken assets

Corporate and franchisee-guaranteed QSR product. Current benchmarks: 5.85% corporate, 6.85% franchisee1.

What trades here

Second-generation boxes

Former KFC, Popeyes and casual-dining pads. More than 300 KFC restaurants closed in twelve months2, and roughly 33 Popeyes leases were rejected in one bankruptcy3.

What trades here

Development sites

Pads for brands with committed pipelines — Dave's has roughly 1,000 units in development4 and Slim Chickens more than 1,2005.

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Sources

Every figure on this page is attributed. CSW does not publish estimates as facts — where a number is unavailable it is shown as “—”, and where a figure is derived arithmetically from two published figures it is marked as derived.

  1. [1] The Boulder Group — Single Tenant Net Lease Report — Q2 2026 (2026-07)
  2. [2] TheStreet — Classic fried chicken chain closes over 300 restaurants (2026-07)
  3. [3] QSR Magazine — One of Popeyes' Largest Franchisees Sells 97 Restaurants out of Bankruptcy (2026)
  4. [4] International Franchise Association — Dave's Hot Chicken Opens Record Eight Restaurants in a Single Day (2026-04)
  5. [5] QSR Magazine — Slim Chickens Sharpens its Domestic Growth Playbook for 2026 (2026)