Popeyes
Retail | 6.00% CAP | 2,193 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Popeyes located at 19510 East US Highway 40, Independence, MO, 64055. The site consists of roughly 2,193 rentable square feet of building space on an estimated 0.66-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 12/23/2013. The current annual rent is $110,762 (as of 1/1/2026) and has scheduled increases of 1.50% annually.
Investment highlights
Absolute Triple Net (NNN) Lease | The subject property is subject to an absolute triple net (NNN) lease with over 8 years of term remaining. The lease features 1.50% annual increases to hedge against inflation, making it an attractive opportunity for investors seeking stable, predictable cash flow.
Dense Retail Corridor | This Popeyes is located in a dense retail corridor with an array of national tenants in the immediate area. The site sits adjacent to an in-line retail center that consists of a First Watch and Papa John's, and is also within a one-mile radius of Costco, Lowe's, McDonald's Whataburger, Crumbl, and Panera, creating consistent consumer traffic in the area.
Strong Access to E US Hwy 40 | The subject property sits in a unique location that grants it access to customers travelling on both sides of E US Hwy 40, providing easy and direct access to over 19,000 vehicles per day. This access is critical for QSRs that excel on drive-thru business, adding to this site's appeal.
Proximity to Kansas City | The subject property is located just 15 miles from downtown Kansas City, which is the most populous city in Missouri and the heart of the Kansas City MSA. Kansas City is home to over 500,000 residents, signaling that there will be a strong consumer base for years to come.
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