Popeyes - Compass Creek
Retail | 5.95% CAP | 2,500 SqFt
Marketing description
Atlantic Capital Partners is pleased to exclusively present an absolute NNN ground lease investment opportunity, a Popeyes Louisiana Kitchen located at Compass Point Plaza within the Compass Creek mixed-use development in Leesburg, Virginia. This 2,500 square foot building situated on 0.73 acres offers investors a fully passive, zero-landlord-obligation income stream corporately guaranteed by one of the most recognizable brands in the global QSR industry.
The Popeyes is franchised by the second largest Popeyes franchisee in the United States, providing institutional grade credit behind a 20-year ground lease with 16 years of remaining term and fixed 10% rent bumps every five years, growing NOI from $130,000 to over $209,000 across the full lease duration. With two additional 5-year renewal options extending the potential term through 2052, this asset offers exceptional hold period flexibility and income visibility from day one.
The site sits within Compass Creek, Leesburg’s dominant retail destination, at the intersection of three arterials generating over 100,000 combined daily vehicle trips. Loudoun County is the wealthiest county in America, with average household incomes exceeding $212,000 within 5 miles and one of the fastest-growing residential populations on the East Coast fueled by Dulles
Investment highlights
LARGEST EAST COAST POPEYES FRANCHISEE | $225M+ REVENUE PLATFORM - Franchised by Prabodh and Ashish Parikh, the guarantor operates over 200 units in 14 states, including 150+ Popeyes, 40 Arby’s, 10 Dunkin’, and 5 Taco Bells. They are the largest Popeyes franchisee on the East Coast and second-largest nationally, generating more than $225 million in annual sales.
NNN GROUND LEASE - ZERO LANDLORD OBLIGATIONS - True triple-net ground lease structure; Tenant owns the improvements and is responsible for 100% of taxes, insurance, maintenance, utilities, and operating costs
EXCEPTIONAL DEMOGRAPHICS & AFFLUENT TRADE AREA - Average household income exceeds $213,821 within 1 mile and $212,330 within 5 miles; total population of 114,844 within 5 miles
HIGH-VISIBILITY LOCATION WITH STRONG TRAFFIC COUNTS - Situated within the Compass Creek development with access to 61,500 VPD along the Leesburg Bypass (US 15/VA 7), 32,900 VPD along the Dulles Greenway (VA 267), and 14,500 VPD along Compass Creek Pkwy
STRATEGIC PROXIMITY TO MAJOR METRO MARKETS - Located 38 miles west of Washington, DC and 72 miles southwest of Baltimore, MD. Leesburg serves as the primary retail hub for Loudoun County - the wealthiest county in the US by median household income
RAPIDLY GROWING SUBMARKET WITH STRONG DEMAND DRIVERS - Submarket with Strong Demand Drivers Loudoun County is one of the fastest-growing counties in Virginia, with continued residential and commercial expansion driven by proximity to Dulles International Airport, the Silver Line Metro extension, and major data center/tech corridor employment
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