Listed by Trinity Real Estate Investment Services
$2,480,000
Popeyes | Strong Reported Sales | Upcoming Remodel
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,345
Units 1
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 09/29/2045
Remaining Term 19.2
Rent Bumps Yes
Lease Options Four (4), 5-Year, 7.5%
Price per SqFt $1,058
Acreage 1.020
Investment Type Net Lease
Tenant Credit Franchisee, Corporate Guarantee
Lease Commencement 09/15/2025
Ground Lease No
Ownership Fee Simple
Retail | 6.25% CAP | 2,345 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Brewton, AL. The subject property is a large 1.02-acre parcel along S Blvd. It has a full 20-year primary lease term.
Property Website: https://trinityreis.com/listing/487-s-blvd/
In Cooperation With Brian Brockman at Bang Realty-Alabama Inc | AL #119315 | [email protected] | (513) 898-1551
Investment highlights
- Popeyes in Brewton, AL With Full 20-Year Primary Lease Term
- Absolute NNN Lease - Zero Landlord Responsibilities
- Attractive Rental Increases of 7.5% Every 5 Years
- Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
- Large 1.02-Acre Parcel Along S Blvd With 15,598 Vehicles Passing Daily
- 5-Mile Demographics of 10K+ Residents
- Located Near National Tenants Including Dollar General, McDonald’s, Arby’s, and Pizza Hut
- Subject Property is Surrounded by Apartments and Schools Within 2 Miles Creating Additional Customer Traffic for the Area
- Guaranteed by Ram-Z Restaurant Group, a Rapidly Growing Operator of 80+ Units Across Three Brands
- Brewton is the County Seat of Escambia County, Providing a Stable Population Base and Attracting Major Employers, Like T.R Miller, Georgia Pacific, and Grede
- Strong Unit Level Sales Reported at $2.056MM
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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