POPEYES CHICKEN
Retail | 5.75% CAP | 2,604 SqFt
Marketing description
Prime Net Lease is pleased to exclusively present this exceptional Popeyes Chicken absolute net lease investment opportunity located in Millbrook, Alabama. This recently constructed 2021 building features a strong tenant guarantor, TICE Chicken AL, LLC, a 61-unit operator with 13 Alabama locations under the guarantee. The property offers a passive investment opportunity with an absolute NNN lease structure featuring zero landlord responsibilities. The investment provides 17 years of remaining term with 2% annual rental increases and four 5-year renewal options, delivering built-in inflation protection and predictable cash flow. Strategically positioned along Highway 14 (AL-14) with direct access and visibility at 57,700 vehicles per day, the property sits directly across from the new Grandview Plaza development, a 53,000 SF shopping center anchored by Publix. The location benefits from its proximity to the transformative 17 Springs mixed-use development and is positioned within one of the fastest-growing communities in the Montgomery metropolitan area, supported by continued residential development and population growth.
Investment highlights
- PASSIVE INVESTMENT OPPORTUNITY: Absolute net lease with zero landlord responsibilities
- ANNUAL RENT INCREASES - 2% annual bumps provide built-in inflation protection and predictable cash flow
- LONG-TERM INVESTMENT - 17 years remaining on the absolute NNN lease, Zero Landlord responsibilities
- PRIME LOCATION - Direct access and visibility from Highway 14 (aka AL-14) which boasts 57,700 VPD. Directly across the street from the new Grandview Plaza development |53,000 SF shopping center anchored by Publix
- STRONG OPERATOR GUARANTOR - TICE Chicken AL, LLC (61-Unit Operator; 13 AL Locations under the Guarantee)
- Long-Term Real Estate Appreciation Potential – Supported by ongoing commercial development, expanding residential rooftops, infrastructure investment, and increasing consumer demand throughout the Millbrook market.
- Affluent and Growing Trade Area – Positioned within one of the fastest-growing communities in the Montgomery MSA, supported by continued residential development and population growth.
- Adjacent to Major Mixed-Use Development – Near the transformative 17 Springs project, which includes retail, hospitality, medical, office, residential, and sports facilities.
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