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30949133
30949132

107 Apple Ave, Dothan, AL 36303

JW
NY 10401304686
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
JM
NY NY 10401389686
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,834,756
83 days on market
Updated 34 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,695
Cap Rate 6.75%
NOI $123,846
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Price per SqFt $681
Year Built 2020
Acreage 0.930
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.75% CAP | 2,695 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 107 Apple Avenue, Dothan, AL 36303. The site consists of roughly 2,695 rentable square feet of building space on an estimated .93-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 $123,846 and has scheduled increases of 2.00% Annually.

Investment highlights

  • Demographics Supporting Long-Term QSR Demand | The trade area demonstrates strong fundamentals with approximately 27,509 residents within 3 miles, 55,298 within 5 miles, and 99,579 within 10 miles as of 2024, with growth projected through 2029 in the broader trade area. Average household incomes exceed $95,000 within 3 miles and remain strong across all radii, supporting sustained consumer spending and long-term demand for quick-service dining in the Apple Avenue corridor.

  • 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 elementary, middle, and high schools generate consistent weekday traffic from students, parents, and faculty, reinforcing daytime and early evening demand.

  • Regional Access and Airport Connectivity | Dothan serves as a regional hub for Southeast Alabama and the Florida Panhandle and is minutes from Dothan Regional Airport, which serves thousands of passengers annually, supporting employment and business travel.

  • Dense National Retail and Restaurant Co-Tenancy | Surrounding retailers include Walmart Neighborhood Market, Tractor Supply, McDonald’s, Wendy’s, Arby’s, Dunkin’, Waffle House, O’Reilly Auto Parts, Regions Bank, Firehouse Subs, and FedEx, reinforcing the corridor’s role as a daily-needs 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
$123,846.00
$10,320.50/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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