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    Freestanding Popeyes Drive-Thru Restaurant Title is generated by Realmo AI

    1117 Imperial W Ave, Calexico, CA 92231

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    Freestanding Popeyes drive-thru restaurant in high-traffic location with long-term lease.

    Type:Restaurant
    Property size:
    2,348 SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:09 am

    Property Features for 1117 Imperial W Ave

    General Information

    Standard status
    Active
    Size
    2,348 SF
    Property subtype
    Restaurant

    We can help!

    Listing Contact
    Jason Fefer

    Listing agent Jason Fefer License #CA: 02100489

    Listing office Los Angeles Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Los Angeles Office

    HighLights

    • Long‑term NNN lease with approximately 15 years remaining, providing predictable, passive income.
    • Located on a heavily trafficked commercial corridor (Imperial Avenue/State Route 111) with exceptional visibility.
    • Strategic location near the Calexico East Port of Entry, one of California’s busiest commercial border crossings.
    • Lease guaranteed by an experienced multi‑unit Popeyes franchisee, ensuring operational strength.
    • Scheduled 10% rent increases every five years, offering built‑in income growth and inflation protection.
    • Positioned in a key commercial hub supported by cross‑border commerce and regional investment.

    Overview

    This freestanding Popeyes Louisiana Kitchen drive-thru is located along Imperial Avenue (State Route 111), a heavily trafficked commercial corridor connecting the U.S.–Mexico border to the broader Imperial Valley. The property benefits from exceptional visibility, strong commuter flow, and proximity to the Calexico East Port of Entry. This location supports consistent daily traffic from local residents, regional employees, and international visitors. The asset is secured by a long-term NNN lease with approximately 15 years of firm term remaining, offering predictable, passive income with minimal landlord responsibilities. Scheduled 10% rent increases every five years provide built-in income growth and long-term inflation protection. The lease is guaranteed by an experienced multi-unit Popeyes franchisee. Calexico serves as a key commercial hub for the Imperial Valley and the Mexicali metropolitan region, supported by cross-border commerce, logistics, education, healthcare, and government employment. The surrounding trade area includes major national retailers, grocery anchors, and service businesses, reinforcing the corridor as a dominant retail destination. Ongoing regional investment continues to strengthen long-term demand and population growth. The property size is 2348 square feet.
    Location Intelligence

    Current Use by Public Records

    Popeyes Louisiana Kitchen Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calexico
    County
    Imperial
    State
    California
    Longitude
    -115.4998173
    Latitude
    32.6804912

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    FAQs

    What type of property is this?
    Drive through restaurant - Freestanding Popeyes drive-thru restaurant in high-traffic location with long-term lease.
    Where is this drive through restaurant located?
    The property is located at 1117 Imperial W Ave Calexico, CA.
    What are key features of this property?
    This property features: Long‑term NNN lease with approximately 15 years remaining, providing predictable, passive income.; Located on a heavily trafficked commercial corridor (Imperial Avenue/State Route 111) with exceptional visibility.; Strategic location near the Calexico East Port of Entry, one of California’s busiest commercial border crossings.
    (310) 909-2394
    We can help!
    Listing Contact
    Jason Fefer
    Real Estate License ID: CA: 02100489
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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