Popeye's - Valley AL - NNN 2802 20th Ave

Investment Highlights

Recently constructed free-standing Popeyes 10% rent increases every 5 years, and next rent increase is 1/1/2025 Muti-Unit Operator - Popeyes, Tim Hortons, Checkers, and Moe's 12 years remaining on original 15 year NNN lease with 2 X 5 year options Absolute NNN Lease - No Landlord Responsibilities Located directly off of I-85 on a strong retail corridor

Executive Summary

This investment offering is an excellent opportunity to acquire brand new developed free-standing Popeyes, located between Atlanta and Montgomery in Valley, AL. Popeyes opened at the beginning of 2019, and has a 15 year NNN lease which began in 2020, that includes 10% increases every 5 years with 2 x 5 year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Checkers and Moe's. Popeyes is well located on a major exit off of I-85 and benefits from travelers as it is a perfect stop between Atlanta and Montgomery. Popeyes is situated between Dunkin Donuts as well as Waffle House and located on the major retail corridor for the area. Popeyes is one of the fastest growing QSR brands in the world and this is an ideal location for the restaurant.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,400
• Building Class    B
• Year Built    2019
• Price    1,745,000
• Price Per SF    727
• Cap Rate    5.50
• NOI    96,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    0.97 AC