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33614941
33614878

1515 East Union Street, Vienna, GA 31092

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
JZ
MI 6501456661APP23
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors
$1,400,000
0 days on market
Updated 0 days ago
Opportunity zone

Popeyes - Single Tenant

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,904
Units 1
Cap Rate 7.58%
NOI $106,119
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NN+
Lease Term 15
Lease Expiration 11/30/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options 4 , 5 Years
Class B
Year Built 1989
Acreage 1.210
Zoning C-2
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/01/2016
Ground Lease No

Single Tenant | Freeway Exit Location

Marketing description

Strategically located along Interstate 75 in Vienna, Georgia, this single-tenant Popeyes investment offers investors a strong passive income opportunity backed by one of the largest Popeyes franchise operators in the country. The property features a long-term Double Net (NN) lease with 10% rent increases every five years, providing stable and growing cash flow. Positioned on a high-visibility corner along E Union Street and State Highway 215, the site benefits from direct interstate access and strong surrounding national retailers including McDonald’s, Dollar General, Subway, Shell, and Chevron. As part of Restaurant Brands International (RBI), Popeyes remains one of the fastest-growing and most recognized quick-service restaurant brands worldwide, making this an attractive investment with long-term operational strength and limited landlord responsibilities.

Investment highlights

5+ Years Remaining on a Double Net Lease With Fee Simple Interest

Established, High Credit Single Tenant Fast Food Restaurant – Popeyes Operator is an Experienced Multi-Brand Operator Operating More Than 550 Burger Kings and 290 Popeyes. Lease Guarantor is the #1 largest Popeyes Franchisee

Attractive Rent Increase – Increasing 10% Every Five Years With Recent Increase

Highway interstate interchange location serving Atlanta metro traveler traffic

Strategically Located Along Interstate 75 Which Travels From the Tip of Michigan Down Through the West Coast of Florida, Exposing the Restaurant to Thousands of Travelers

Situated Along E Union Street & State Highway 215 With Direct On/Off Ramp Access to Interstate 75 With Over 48,000 VPD

Nearby Tenants Include: Subway, Dollar General, Piggly Wiggly, PNC Bank, Shell, Chevron, McDonald’s, NAPA and Auto Parts Etc.

Strong Passive Investment Opportunity Featuring a Stable NN Lease Structure With Limited Landlord Responsibilities, Allowing for Predictable Cash Flow and Reduced Management Burden for Investors.

Large 1.21 Acre Parcel With Excellent Site Access, Ample Parking, and Efficient Drive-Thru Configuration, Designed to Support High Customer Volume and Long-Term Operational Success. Strategically Surrounded by National Retailers, Fuel Stations, and Hospitality Operators Creating Strong Retail Synergy and Consistent Consumer Traffic Within the Immediate Trade Area.

Globally Recognized Quick-Service Restaurant Brand Supported by Restaurant Brands International (RBI), One of the Largest Restaurant Companies in the World With Billions in Annual Systemwide Sales and Thousands of Locations Worldwide.

Listing Contacts

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
JZ
MI 6501456661APP23
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,119.00
$8,843.25/mo

Valuation Metrics

0
DSCR
7.58%
Cap Rate
7.58%
ROI

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Additional Information

Name
Brian Brockman
License
GA #378952
Brokerage
Bang Realty
Brokerage Phone
513.898.1551
Title
Broker of Record
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