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30949067
30949068

412 Washington Ave, Mansfield, LA 71052

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,190,551
84 days on market
Updated 35 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,404
Cap Rate 6.35%
NOI $75,600
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Price per SqFt $350
Acreage 1.890
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.35% CAP | 3,404 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 412 Washington Avenue, Mansfield, LA 71052. The site consists of roughly 3,404 rentable square feet of building space on an estimated 1.89-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 $75,600 and has scheduled increases of 2.00% Annually.

Investment highlights

  • Institutional, Healthcare, and School-Based Demand | The subject property is proximate to significant daily demand generators, including DeSoto Regional Health System (a primary healthcare provider for the parish), Mansfield High School (serving approximately 367 students in grades 9– 12) and multiple other DeSoto Parish schools. The DeSoto Parish School District educates roughly 4,900 – 5,100 students across its PK – 12 campuses, supported by more than 350 teachers and staff in the Mansfield area alone, generating steady weekday and family-oriented traffic.

  • Supportive Demographics for Value-Oriented QSR | The property is supported by a stable residential base with population growth projected across the 3-, 5-, and 10-mile trade areas through 2029. Average household incomes range from approximately $39,000 within 3 miles to nearly $49 ,000 within 10 miles, aligning well with Popeyes’ value-driven menu and broad consumer appeal. Steady household formation and limited competing QSR supply further support sustained demand for quick-service dining in the immediate trade area.

  • Dense Retail and Service Corridor | Surrounded by national and regional retailers including Dollar General, AutoZone, AT&T, Brookshire’s, McDonald’s, Sonic, Family Dollar, and Fitness First, reinforcing Washington Avenue as Mansfield’s primary commercial corridor.

  • Strong Traffic Counts and Frontage | Located along Washington Avenue with approximately 6,714 vehicles per day and near Jenkins Street with approximately 10,843 vehicles per day, providing strong visibility and daily commuter exposure.

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
$75,600.00
$6,300.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
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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