Popeyes- New Construction - 15 YR Lease 8350 Senoia Rd

Investment Highlights

New construction to be completed and open in Q4 of 2023 Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's 74,232 people living within a 5 mile radius with an excellent average household income in a 1 mile radius of $96,328 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x5year options Well located off I-85 in Fairburn with an ideal location on the main retail artery of one of the most affluent areas in Fairburn.

Executive Summary

This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Popeyes, located in Fairburn, Georgia. The property will finish development and open for business in Q3 of 2023, and with have a 15 year NNN lease with Popeyes, that includes 7.5% increases every 5 years, and two 5-year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,000
• Building Class    C
• Year Built    2023
• Price    3,000,000
• Price Per SF    1,500
• Cap Rate    6
• NOI    180,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    1.00 AC