Popeyes
Popeyes - New Albany, MS | Truly Passive Investment | Absolute NNN Lease Structure | 6.75% CAP
Investment highlights
TRULY PASSIVE INVESTMENT | ABSOLUTE NNN LEASE STRUCTURE
The offering features an absolute NNN lease structure with zero landlord responsibilities
providing a prospective purchaser with a truly passive, hands-off investment opportunity.
LONG-TERM LEASE | ATTRACTIVE BUILT-IN RENTAL INCREASES
Offering features an original 20-year lease term with more than 17 years remaining and
contractual 10% rent increases every 5 years during the initial term and throughout the
option periods.
EXPERIENCED QSR OPERATOR | 113-UNIT REGIONAL OPERATOR
High Noon Restaurant Group is an experienced quick-service restaurant operator and
franchisee of Popeyes Louisiana Kitchen. The group specializes in the development and
operation of Popeyes locations, leveraging the brand’s established systems, national marketing
platform, and supply chain efficiencies. With a focused operating strategy and commitment to
brand standards, High Noon Restaurant Group provides localized execution within a globally
recognized QSR platform, supporting stable operations and long-term performance.
LOW COST BASIS | IDEAL FOR 1031 EXCHANGE INVESTOR
Opportunity to acquire a quality construction drive thru restaurant property below
replacement cost with a long-term passive income stream attached. The investment is
further strengthened by near-term contractual rental increases providing investors with
built-in rental growth shortly after acquisition, a compelling hedge against a high interest
rate environment. The combination of low in-place rent and a modest overall purchase
price positions the asset well below replacement cost offering downside protection and
long-term rental growth runway.
IMMEDIATE FREEWAY PROXIMITY | DIRECTLY OFF I-22 (39,825+ VPD)
The subject property boasts strong nearby traffic figures being located along Highway 30
and less than 1/2 mile from the Interstate 22 (39,825+ VPD).
PROXIMITY TO MAJOR CONSUMER CORRIDOR | RETAIL SYNERGY
The subject property strongly benefits from Hwy 30 frontage (11,330+ VPD) which is
less than 1 mile from the primary retail destinations which consist of retailers like WalMart
Supercenter, Lowe’s, and Reed’s Market. This is a major traffic driver for this location
bringing a consistent flow of traffic to the site.
DIRECTLY ADJACENT TO MAJOR HOSPITAL | BUILT-IN CUSTOMER BASE
The property conveniently sits immediately adjacent to Baptist Memorial Hospital-Union
County which contains 153 beds. The facility is a full-service hospital that provides
comprehensive medical care, including maternity services, emergency care, and surgical
services.
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