Popeyes
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.
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