

Listed by Renaud Consulting
Undisclosed Rate
Popeyes Louisiana Kitchen
Building Details
Property Type Retail, Restaurant
Sub Type Commercial
Tenancy Single
Lease Type NNN
Total Building SqFt 3,203
Vacant SqFt 3,203
Year Built 1972
Spaces
Retail | Single tenant | 3,203 SqFt
Building description
1379 Towne Square Blvd is a standout quick-service restaurant opportunity within a highly trafficked regional retail corridor in Roanoke, Virginia. The property currently operates as a Popeyes Louisiana Kitchen franchise—an internationally recognized brand with more than 2,600 locations nationwide under Restaurant Brands International—creating an established business with strong performance history.
Located at a signalized intersection with visibility and direct access from surrounding arterials, the site benefits from daily traffic counts along Aviation Drive, Towne Square Blvd, and Airport Road. The surrounding demographics reflect a densely populated trade area with solid consumer demand: within one mile, the population exceeds 5,650 with average household incomes around $89,000; within three miles, the population grows above 57,000 with incomes near $85,000; and within five miles, the population tops 125,000 with incomes around $88,000—providing a broad catchment of customers and strong daytime employment support.
The freestanding building offers approximately 3,000–3,203 square feet of quick-service restaurant space on a roughly one-acre site, featuring a drive-thru configuration, prominent signage, and dedicated parking. The restaurant has operated successfully in this location, generating approximately $2.4 million in 2023 sales, underlining the strength and resilience of the business as both a franchise operation and real estate asset.
This opportunity is available as a NNN ground lease or for sale in tandem with the business sale—providing flexibility for investors, owner-operators, or credit tenants seeking a long-term presence in a proven regional retail node. The established national tenancy, combined with strong traffic exposure and demographic trends, positions 1379 Towne Square Blvd as a compelling investment or owner-occupied restaurant real estate opportunity in Roanoke’s retail landscape.
Building highlights
- Regional retail corridor
- Low cost of occupancy ratio with sales trending upwards
- NNN ground lease or sale
- Great opportunity for owner/operator to own a national franchise without being obligated to expand
- 2023 sales volume $2.4 MM
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Listed by Renaud Consulting
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