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33519986
33519987

1117 Imperial West Avenue, Calexico, CA 92231

NS
CA 02214020
Marcus & Millichap - Los Angeles
JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$3,151,800
0 days on market
Updated 0 days ago

Popeyes Drive-Thru | Long -Term NNN Lease

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,348
Net Rentable (SqFt) 2,348
Cap Rate 5.5%
NOI $173,349
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+11)
Lease Type NNN
Lease Term 20
Lease Expiration 05/31/2041
Remaining Term 15
Rent Bumps Yes
Year Built 2022
Acreage 0.870
Investment Type Net Lease
Lease Commencement 06/01/2021
Ground Lease No

Prominent Imperial Avenue Location | Calexico, CA

Marketing description

Marcus & Millichap is pleased to present a freestanding Popeyes Louisiana Kitchen drive-thru located along Imperial Avenue (State Route 111), one of Calexico’s most heavily trafficked commercial corridors and a primary north–south artery connecting the U.S. - Mexico border to the broader Imperial Valley. The property benefits from exceptional visibility, strong commuter flow, and proximity to major cross-border economic drivers, including the Calexico East Port of Entry, one of California’s busiest commercial border crossings. This strategic positioning supports consistent daily traffic from local residents, regional employees, and international visitors.

The asset is secured by a long-term NNN lease with approximately 15 years of firm term remaining, offering predictable, passive income with minimal landlord responsibilities. Scheduled 10% rent increases every five years provide built-in income growth and long-term inflation protection. The lease is guaranteed by an experienced multi-unit Popeyes franchisee, adding operational strength and credit stability.

Calexico serves as a key commercial hub for the Imperial Valley and the Mexicali metropolitan region, supported by cross-border commerce, logistics, education, healthcare, and government employment. The surrounding trade area includes major national retailers, grocery anchors, and service businesses, reinforcing the corridor as a dominant retail destination. Ongoing regional investment including border modernization, retail redevelopment, new school construction, and community recreation projects continues to strengthen long-term demand and population growth.

This offering presents a rare opportunity to acquire a high-performing, drive-thru QSR asset backed by a strong franchise operator, positioned in a high-traffic, cross-border trade area with durable fundamentals and long-term income security.

Investment highlights

  • Prime Imperial Avenue Location | High-Traffic SR-111 Corridor
  • Long-Term NNN Lease | Passive Income With Built-In Growth
  • Experienced Multi-Unit Franchisee | Strong Operational Backing
  • Global QSR Brand Strength | High-Demand Chicken Segment
  • High-Growth Regional Market With Significant Economic Drivers

Listing Contacts

NS
CA 02214020
Marcus & Millichap - Los Angeles
JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,349.00
$14,445.75/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Nick Solomon
License
02214020
Brokerage
Marcus & Millichap
Brokerage Phone
3109095500
Brokerage Address
1900 Avenue of the Stars
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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