Popeyes
Retail | 6.25% CAP | 2,531 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Popeyes located at 599 W Tunnel Blvd, Houma, LA 70360. The site consists of roughly 2,531 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $115,534 and has scheduled increases of 1.75% annually.
Investment highlights
Strong Franchisee Guarantee | The guarantor, High Noon Restaurant Group, is well known and respected in the quick-service restaurant industry. The Franchisee operates over 100 units across Louisiana and Mississippi. They pride themselves on providing customers with exceptional customer service, sanitized restaurants, and convenient and timely meal preparation.
Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback | This Popeyes will be subject to a brand new 25-year triple-net (NNN) lease which will commence upon close of escrow. The lease will feature attractive rental increases of 1.75% annually providing a hedge against inflation.
Strong Unit-Level Financials | This Popeyes location has experienced exceptional unit-level performance since its opening. Please reach out to the listing agents for further details.
Strong Brand Recognition in a Prime Location with High Traffic | This property is home to a nationally recognized tenant and is strategically located along W Tunnel Blvd, which sees approximately 21,446 vehicles daily. The combination of strong brand presence and exceptional daily traffic ensures maximum visibility and consistent consumer engagement, driving long term business success.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?





