Listed by Matthews
$1,885,714
Popeyes
Details
APN I57D-274
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,340
Cap Rate 7.00%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Expiration 05/31/2037
Remaining Term 11
Rent Bumps Yes
Lease Options Three, 5-Year Options
Year Built 2022
Acreage 0.820
Investment Type Net Lease
Lease Commencement 05/31/2022
Ground Lease No
Abs. NNN Popeyes investment in Hartwell, GA: 7% cap rate, 11+ yrs left, 10% rent bumps
Investment highlights
- Strong Franchise Operator: PSP Holdings operates 35+ Popeyes restaurants with proven track record and operational scale.
- New, Durable Construction: Built in 2022 with all-brick exterior, offering long-term durability and reduced maintenance needs.
- Long-Term Lease: ±11 years remaining on the original 15-year term, providing secure, predictable income.
- Rent Growth: 10% rent increases every 5 years, including through all renewal options.
- Absolute NNN Lease: True passive investment with no landlord responsibilities.
- Located in Growing Hartwell, GA: Positioned in a vibrant, business-friendly city near the Georgia-South Carolina border with strong community support and regional economic development.
- Proximity to Lake Hartwell: A major recreation and tourism hub drawing more than 10 million visitors annually, supporting strong local consumer traffic.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business
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