Popeyes
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.
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