4900 US Hwy 231
Retail | 6.05% CAP | 2,766 SqFt
Marketing description
Located along heavily traveled U.S. Highway 231 in Wetumpka, Alabama, 4900 U.S. Highway 231 is a newly developed, single-tenant net leased investment occupied by Popeyes, one of the nation's most recognized quick-service restaurant brands. The property benefits from excellent visibility, strong traffic exposure (± 38,482 AADT), and a strategic location within Wetumpka's primary retail corridor, just north of Montgomery. The site serves a growing population base and draws customers from both local residents and regional commuters.
The investment is secured by a brand-new 20-year initial lease term with four five-year renewal options, providing investors with a long-term, predictable income stream and limited near-term rollover risk. Supported by the strength of the Popeyes brand and Wetumpka's continued residential and commercial growth, the property offers a compelling combination of stable cash flow, strong real estate fundamentals, and long-term investment potential.
Investment highlights
- Long-term 20-year initial lease term providing stable, predictable cash flow.
- Four (4) five-year renewal options, offering extended income potential and tenant commitment.
- Absolute NNN lease structure with zero landlord responsibilities.
- Tenant responsible for roof, structure, HVAC, and parking lot maintenance and repairs, minimizing ownership risk and expense.
- 2% annual rent escalations providing built-in income growth and inflation protection.
- Located adjacent to the new Publix-anchored development and near the highly anticipated Chick-fil-A and 7 Brew.
- Positioned along the primary retail corridor serving the rapidly growing Wetumpka trade area.
- Strong visibility and accessibility from US Highway 231 with significant daily traffic counts.
- Benefiting from continued residential and commercial growth in the Montgomery MSA.
- National credit tenant operating in a proven, high-demand quick-service restaurant location.
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