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30879548
30879549

707 Boll Weevil Cir, Enterprise, AL 36330

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,746,929
85 days on market
Updated 33 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,695
Cap Rate 6.35%
NOI $110,930
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Price per SqFt $648
Acreage 0.170
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.35% CAP | 2,695 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 707 Boll Weevil Circle, Enterprise, AL 36330. The site consists of roughly 2,695 rentable square feet of building space on an estimated .17-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 $110,930 and has scheduled increases of 2.00 % Annually.

Investment highlights

  • Demographics Supporting Long-Term QSR Demand | The trade area demonstrates strong and growing fundamentals with approximately 29,644 residents within 3 miles, 39,357 within 5 miles, and 59,716 within 10 miles as of 2024, all projected to increase through 2029. Average household incomes are well above national averages, ranging from $77,333 within 3 miles to $79,184 within 5 miles, supporting sustained consumer spending and long-term demand for quick-service dining within the Boll Weevil Circle 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.

  • Nearby Schools and Education-Based Demand | The property benefits from proximity to multiple Enterprise-area public schools within the Coffee County School System, which serves approximately 8,000 – 9,000 students districtwide supported by over 1,100 faculty and staff. Nearby elementary, middle, and high schools generate consistent weekday traffic from students, parents, and school employees, reinforcing steady daytime and early evening demand along the Boll Weevil Circle corridor.

  • Enterprise’s Dominant Retail Node | Located within the city’s primary shopping corridor anchored by Walmart Supercenter, the area includes ALDI, TJ Maxx, Ross Dress for Less, Dollar Tree, Bealls Outlet, Chick - fil-A, Taco Bell, KFC, Burger King, Sonic, Domino’s, Ollie’s, and Harbor Freight, driving consistent daily traffic.

Listing Contacts

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

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,930.00
$9,244.17/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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Additional Information

Name
Brian Brockman
License
119315
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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