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22334352
22334351

1379 Towne Square Blvd NW, Roanoke, VA 24012

JM
VA VA-0225104748
Renaud Consulting
Listed by Renaud Consulting
Unpriced
443 days on market
Updated 18 days ago

Popeyes Louisiana Kitchen

Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,203
Lease Type NNN
Ground Lease Yes

Retail | 3,203 SqFt

Marketing 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.

Investment 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

Listing Contacts

JM
VA VA-0225104748
Renaud Consulting
Listed by Renaud Consulting

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Additional Information

Name
John Marigliano
License
VA-0225104748
Brokerage
Renaud Consulting
Title
Senior Vice President
Brokerage Address
8605 Westwood Center Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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