Popeyes
BAND NEW NNN LEASEBACK | TOP FRANCHISE OPERATOR
Investment highlights
BRAND NEW 15 YEAR NNN SALE LEASEBACK OPPORTUNITY | Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
ESTABLISHED FRANCHISEE GUARANTEE | The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio.
INVESTMENT-GRADE TENANT – 2ND LARGEST CHICKEN CHAIN | Popeyes is a globally recognized quick-service restaurant brand operating under Restaurant Brands International (NYSE: QSR), which reported approximately $9.26 billion in systemwide sales in 2025.
TOP FRANCHISEE OPERATOR IN THE U.S. | The Parikh Network owns and operates over 125 Popeyes locations and more than 300 restaurant units across 13 states. Ranked in the Franchisee Times Monitor 200, the group is one of the largest and most experienced restaurant operators in the country.
HIGHLY TRAFFICKED RETAIL CORRIDOR | Located just 0.5 miles from U.S. Route 6 (22,000 VPD) and benefiting from approximately 17,000 VPD along Main Street, the property has strong daily traffic counts and commuter exposure within an established retail corridor.
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