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30878919
30878920

1060 Homer Rd, Minden, LA 71055 For Sale

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,141,538
132 days on market
Updated 80 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,305
Cap Rate 6.5%
NOI $139,200
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Price per SqFt $929
Acreage 0.780
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.50% CAP | 2,305 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 1060 Homer Road, Minden, LA 71055. The site consists of roughly 2,305 rentable square feet of building space on an estimated .78-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 $139,200 and has scheduled increases of 2.00 % Annually.

Investment highlights

  • Demographics Supporting Value-Oriented QSR | The trade area supports a stable consumer base with approximately 11,887 residents within 3 miles, 14,686 within 5 miles, and 20,549 within 10 miles as of 2024. Average household incomes range from $42,828 within 3 miles to $47,643 within 10 miles, aligning well with Popeyes’ value-driven menu and broad consumer appeal.

  • Nearby Schools and Education-Based Demand | The property benefits from proximity to multiple Minden-area public schools within the Webster Parish School District, which serves approximately 8,500 – 9,000 students districtwide supported by over 1,200 faculty and staff. Nearby elementary, middle, and high schools contribute steady weekday traffic from students, parents, and school employees, reinforcing consistent daytime and early evening demand along the Homer Road corridor.

  • 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.

  • Dominant Retail Hub | Located adjacent to the area’s primary retail concentration anchored by Walmart Supercenter, with nearby national brands including McDonald’s, Taco Bell, Burger King, Wendy’s, CVS, Walgreens, Dollar General, Tractor Supply, Bealls Outlet, Hibbett Sports, Sonic, Pizza Hut, and AutoZone.

Listing Contacts

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$139,200.00
$11,600.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Brian Brockman
License
BROK.0995684990-ASA
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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