Popeyes
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.
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