Popeyes
Retail | 6.75% CAP | 2,413 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Popeyes located at 218 South Drive, Natchitoches, LA 71457. The site consists of roughly 2,413 rentable square feet of building space on an estimated .63-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 $123,480 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 | The site benefits from proximity to Northwestern State University of Louisiana, enrolling approximately 11,000 students, along with Natchitoches Central High School, Natchitoches Parish schools, and local private schools, collectively generating consistent weekday traffic from students, faculty, staff, and visitors.
High Traffic Counts And Primary Corridor Frontage | The property fronts South Drive, a key east–west arterial serving central Natchitoches, carrying approximately 14,000 vehicles per day, providing strong visibility, easy access, and steady commuter and daily-needs traffic through the heart of the market.
Surrounded By National And Regional Retail Anchors | Nearby tenants include Walmart, McDonald’s, Raising Cane’s, Chick-fil-A, Taco Bell, Domino’s, Starbucks, Walgreens, Dollar General, Dollar Tree, Ross Dress for Less, Marshalls, HomeGoods, Bath & Body Works, Tractor Supply, and Sherwin-Williams, reinforcing the corridor as the city’s dominant retail and dining destination.
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