Popeyes
Retail | 6.75% CAP | 2,194 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Popeyes located at 5101 University Parkway, Natchitoches, LA 71457. The site consists of roughly 2,194 rentable square feet of building space on an estimated .68-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $125,000 and has scheduled increases of 2.00 % Annually.
Investment highlights
Strong EBITDAR Coverage | The site generates strong unit-level EBITDAR relative to rent, providing strong rent coverage and supporting long-term lease performance. This level of coverage reflects a healthy operating business and provides a meaningful cushion to service rental obligations. Contact broker for details.
Nearby Schools And Education-Based Demand Drivers | In addition to Northwestern State University, the site is near Natchitoches Central High School, Natchitoches Parish Technical & Career Center, and multiple elementary and middle schools, collectively serving thousands of students and staff, contributing consistent weekday traffic.
Regional Airport Access And Employment Connectivity | The property benefits from regional access to Alexandria International Airport, located approximately 60 minutes south, which serves thousands of passengers annually and supports commercial, military, and healthcare-related travel throughout central Louisiana.
Surrounded By National Retail, QSR, And Hospitality Uses | Nearby tenants include McDonald’s, Whataburger, Wendy’s, IHOP, Subway, Taco Bell, Sonic, Dairy Queen, and multiple gas stations and hotels. This concentration of national brands reinforces University Parkway as Natchitoches’ primary retail and dining corridor.
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