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33279983
33279981

1565 West Main Street, Windham, CT 06226

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
SW
PA PA RS329242
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$1,760,000
1 day on market
Updated 1 day ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,363
Units 1
Cap Rate 6.25%
NOI $110,000
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Lease Term 15
Rent Bumps Yes
Lease Options Two, 5-Year Options
Year Built 2022
Acreage 0.770
Zoning B2A
Parking Spaces 21 spaces
Parking Per SqFt 8.89
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease Yes
Sale Condition Sale for leaseback

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.

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
SW
PA PA RS329242
Marcus & Millichap - Philadelphia
NG
PA RS350646
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$110,000.00
$9,166.67/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
John Krueger
License
CT REB.0752012
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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