Listed by B+E
$2,838,583
Popeyes | 113 Unit Franchisee | Absolute NNN | ± 19.6 Years
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,196
Net Rentable (SqFt) 2,196
Cap Rate 6%
NOI $170,315
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options 4; 5-year
Price per SqFt $1,293
Year Built 1991
Acreage 0.550
Zoning B5 - Regional Business
Parking Spaces 36 spaces
Parking per 1,000 SqFt 16.39
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/17/2025
Ground Lease No
Popeyes | 113 Unit Franchisee | Absolute NNN | ± 19.6 Years
Marketing description
Exclusively Listed By:
Katie Berg | Associate Director | 904.806.5801 | kberg@tradenetlease. ?com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease. ?com
In association with Jon Nesbitt | MS License #: 23033
Investment highlights
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | ± 19.6 YEARS REMAINING TERM
- GLOBALLY RECOGNIZED BRAND | SECOND-LARGEST CHICKEN CHAIN
- 5th LARGEST POPEYES FRANCHISEE | HIGH PERFORMING SITE | HEALTHY RENT TO SALES RATIO
- TURTLE CREEK MALL | ± 845,000 SF & 70+ STORES
- DEMOGRAPHIC PROFILE SUPPORTIVE OF HIGH QSR VOLUME
- QSR INDUSTRY GROWTH
- PURPOSELY BUILT DESIGN | DRIVE-THRU CONCEPT | ± 36 PARKING SPACES
- RECESSION-RESISTANT ASSET
- PROXIMITY TO MAJOR HIGHWAY/RAMPS | I-59 (± 48,000 VPD)
- DENSE RETAIL CORRIDOR | NATIONAL TENANTS
Listing Contacts
Listed by B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,315.00
$14,192.92/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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