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28828788
28828789

3707 US-301, Ellenton, FL 34222

RB
FL BK3248800
Marcus & Millichap
LB
FL SL3249357
Marcus & Millichap
Listed by Marcus & Millichap
$2,656,650
175 days on market
Updated 92 days ago

Popeyes - Absolute Net (NNN) - Ellenton FL

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,265
Net Rentable (SqFt) 2,265
Units 1
Cap Rate 6.00%
NOI $159,399
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/06/2034
Remaining Term 9
Rent Bumps Yes
Lease Options Five 5-year Options
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 1
Investment Type Net Lease
Lease Commencement 07/07/2019
Occupancy Date 07/07/2019
Ownership Fee Simple

Large Operator QSR | 5.70% CAP | 2,265 SqFt

Marketing description

We are pleased to present the opportunity to acquire a freestanding Popeyes Louisiana Kitchen operated by Sailormen, Inc., one of the largest and most established Popeyes franchisees in the system. The property is situated on a 0.96-acre fee simple parcel with 165 feet of frontage along U.S. Highway 301, a major north–south thoroughfare carrying 34,000 vehicles per day.

The 2,265-square-foot building, constructed in 2019, represents Popeyes’ modern prototype and has been operated successfully by Sailormen since opening. The absolute NNN lease provides long-term passive income backed by a seasoned multi-unit operator with decades of experience and a strong presence across multiple states. The combination of new construction, a highly recognizable national brand, and fully passive lease structure positions the asset as a stable and durable investment.

Situated along a rapidly developing corridor, the property benefits from strong visibility, convenient access, and proximity to expanding residential communities and commercial demand drivers. The surrounding market continues to grow with new housing under development, increasing the consumer base and reinforcing long-term stability for this high-performing Popeyes location.

Investment highlights

  • Strong Growth Market - Approximately 10,000 New Homes Under Construction

  • Near Ellenton Premium Outlets - A High-Performing Retail Destination with 130+ National Tenants

  • Long Term Absolute NNN LeaseZero Landlord Responsibilities; Fully Passive Investment

  • Fee Simple Ownership – 100% Fully Depreciable Real Estate

  • Operated By Sailormen Inc – 130 Unit Popeyes Franchisee

  • 10% Rent Increases - At Each Scheduled Bump

Listing Contacts

RB
FL BK3248800
Marcus & Millichap
LB
FL SL3249357
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$159,399.00
$13,283.25/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Roee Ben-Moshe
License
BK3248800
Name
Leeor Ben-Moshe
License
SL3249357
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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