Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$1,919,000
Popeyes | 230+ Unit Operator/Guarantor
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,256
Cap Rate 5.5%
NOI $105,538
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2039
Remaining Term 13
Rent Bumps Yes
Lease Options 6, 5 Year Options
Year Built 2019
Acreage 0.690
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/19/2019
Ground Lease No
Outparcel to 100% Occupied Walmart-Anchored Center | Non-Income Tax State
Marketing description
Founded in 1972, the Popeyes brand has more than 50 years of history and culinary tradition. Popeyes’ culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. New CFH, LLC (“NCFH”) is a 230-Unit entity, and wholly owned subsidiary of Restaurant Brands International, Inc. Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with nearly $47 billion in annual systemwide sales and over 33,000 restaurants in more than 120 countries and territories.
Ashland City in a town and the county seat of Cheatham County, Tennessee. Part of the Nashville metropolitan area, the town is home to over 5,600 residents.
Investment highlights
- 13+ Years Remaining on Triple-Net (NNN) Lease - Multi-Unit Operator
- 1% Annual Rental Increases with Multiple Renewal Options
- Tenant Operates 230+ Locations and Counting
- Dense Retail Corridor Surrounded by National Tenants: Walmart, Dollar Tree, Taco Bell, Burger King, and More
- Rapidly Growing Trade Area in the Nashville MSA - Households and Population Projected to Increase 6-7% in the Immediate Area by 2030
- Excellent Frontage Along Highway 12 (±16,600 Cars per Day) with Direct Access to Downtown Nashville
- Average Household Income Exceeds $91,000 in the Surrounding Area
- Immediate Proximity to Multiple Multifamily Developments Comprising ±615 Units
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,538.00
$8,794.83/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
C2 SpecialHighway Service
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View all 54 uses Last updated May 14, 2026 For deeper zoning details, reports are available at Zoneomics
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