Listed by Trinity Real Estate Investment Services
$2,480,000
Popeyes | Upcoming Remodel | Recent Lease Extension
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,709
Cap Rate 6.25%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 09/30/2045
Remaining Term 19.2
Rent Bumps Yes
Lease Options Four (4), 5-Year; 7.5%
Price per SqFt $915
Acreage 1.000
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/16/2025
Ground Lease No
Ownership Fee Simple
Retail | 6.25% CAP | 2,709 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Andalusia, AL. This property features a full 20-year primary lease term under an absolute NNN structure with zero landlord responsibilities and built-in 7.5% rent increases every five years.
Property Website: https://trinityreis.com/listing/461-western-bypass/
In cooperation with Brian Brockman at Bang Realty-Alabama, Inc. | AL #119315 | [email protected] | (513) 898-1551
Investment highlights
- Popeyes in Andalusia, AL With Full 20 Years Remaining on Primary Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- Attractive 7.5% Rent Increase Every 5 Years
- Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
- Strong Retail Traffic Drivers Nearby Including Ollie’s, Tractor Supply Company, Pic-n-Sav, and Dozens of Other National Credit Retail
- Strategically Positioned Along Western Bypass With Nearly 15,000 Vehicles Passing in Front of Subject Property Daily
- Guaranteed by Ram-Z Restaurant Group, a Rapidly Growing Operator of 80+ Units Across Three Brands
- Andalusia is the County Seat of Covington County, Providing a Stable Population Base With Growing Retail Development
- History of Strong Reported Sales at Location – Inquire With Broker
Listing Contacts
Listed by Trinity Real Estate Investment Services
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
