Popeyes | Milwaukee, WI
Retail | 7.00% CAP | 2,464 SqFt
Marketing description
The Northmarq National Restaurant Group is pleased to offer this single-tenant Popeyes located at 7458 W Appleton Ave, Milwaukee, WI 53216. The property is secured by an absolute NNN lease with 14 years remaining and 10% renewal options every 5 years. The tenant is Popeyes largest operator and the 2nd largest franchisee in the nation, offering consitently high performance.
The property is strategically positioned just off the intersection of Appleton Ave (38,200 VPD) and Capitol Drive (52,600 VPD), which connects to both I-41 (151,279 VPD) to the west and I-43 (154,415 VPD) to the east. The submarket is validated by the most thorough and dilligent site-selector among QSRs, 4 McDonald's locations within a 2-mile radius. Further, there are over 2,300+ students passing the site regularly within a 1-mile radius providing consistent morning and afternoon traffic.
The property is located in an extremely dense residential area of Milwaukee with nearly 170,000 residents within 3 miles. With its longterm absolute NNN lease, strong franchisee guaranty, and surrounding traffic drivers, this offering provides investors with a compelling blend of stability and long-term value.
Investment highlights
NATION'S 2ND LARGEST FRANCHISEE
This Popeyes is operated by the largest franchisee in their system and the nation's 2nd largest franchisee overall.
DIRECT ACCESS TO I-43 AND I-41
The property is located just off the intersection of Appleton Ave (38,200 VPD) and Capitol Drive (52,600 VPD), which connects to both I-41 (151,279 VPD) to the west and I-43 (154,415 VPD) to the east.
ESTABLISHED QSR MARKET
The submarket has been further validated by multiple QSR franchises, including four McDonald's locations within a 2-mile radius. McDonald's is the most thorough and diligent site-selector among QSRs.
PREMIER QSR DEMOGRAPHICS
The surrounding residential development opportunities are also limited. The property is surrounded by rooftops with nearly 170,000 residents in the surrounding 3 miles earning AHHI just over $83,000.
CLOSE PROXIMITY TO 1,500+ STUDENTS
Several schools are located within 1 mile of the property, including Milwaukee Marshall High School (692 students), Milwaukee Environmental Sciences Academy (299 students), and Milwaukee German Immersion School (549 students). This provides consistent morning and afternoon traffic.
MAJOR LOCAL TRAFFIC DRIVERS NEARBY
The property is centrally located among several Milwaukee attractions including Summerfest (the world's largest music festival which drew 600K visitors last year), Brewers Stadium, and Milwaukee County Zoo. In addition, both Marquette University and University of Wisconsin-Milwaukee are within 7 miles.
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