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30879362
30879363

2231 Ross Clark Cir, Dothan, AL 36301

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$2,241,481
86 days on market
Updated 34 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,143
Cap Rate 6.75%
NOI $151,300
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Price per SqFt $1,046
Acreage 0.620
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.75% CAP | 2,143 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 2231 Ross Clark Circle, Dothan, AL 36301. The site consists of roughly 2,143 rentable square feet of building space on an estimated .62-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 $151,300 and has scheduled increases of 2.00 % Annually.

Investment highlights

  • Demographics Supporting Long-Term QSR Demand | The trade area demonstrates strong fundamentals with approximately 33,104 residents within 3 miles, 63 ,163 within 5 miles, and 101,645 within 10 miles as of 2024, all projected to increase through 2029. Average household incomes exceed $57,000 within 3 miles and approach $69,000 within 10 miles, supporting long-term consumer spending and durable demand for quick-service restaurants.

  • Nearby Schools and Education-Based Demand | The property benefits from proximity to multiple Dothan-area public schools within the Dothan City School District, which serves approximately 8,000 – 9,000 students supported by over 1,200 teachers and staff. Nearby campuses contribute steady weekday traffic from students, parents, and faculty, reinforcing daytime and early evening demand along the Ross Clark Circle corridor.

  • High-Traffic Exposure | The property benefits from direct frontage along Ross Clark Circle carrying approximately 34,000 vehicles per day, one of Dothan’s most heavily traveled corridors. As the city’s primary commercial loop, Ross Clark Circle provides continuous exposure to commuter, retail, and regional traffic, making it a premier location for quick-service restaurant concepts.

  • Dense National Retail and Restaurant Co-Tenancy | The site is surrounded by a high concentration of national retailers, restaurants, and service providers that collectively generate sustained daily traffic. Nearby concepts include Lowe’s, Floor & Decor Outlet, Starbucks, McDonald’s, Dunkin’, Burger King, Waffle House, Simply 10, Ollie’s, Dollar General, O’Reilly Auto Parts, and multiple automotive dealerships, reinforcing the corridor as Dothan’s dominant retail destination.

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
$151,300.00
$12,608.33/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
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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