NNN Popeyes Restaurant
For Sale
Contact for pricing
1423 The Blvd, Rayne, LA 70578
Popeyes restaurant leased under a long-term triple-net structure with renewal options.
Property Size1,830 SF
Lot Size0.39 Acres
Days on Market142
Property Features for 1423 The Blvd
General Information
Standard status
Active
Size
1,830 SF
Lot size
0.39 Acres
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 8:42PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
The property is a Popeyes restaurant at 1423 The Blvd in Rayne, Louisiana. It contains roughly 1,830 rentable square feet on an approximately .39-acre parcel. The asset is subject to a triple-net lease that began March 1, 2020, with a 25-year base term.
The lease provides for 1.75% annual rent increases beginning in March 2026, continuing through the base term and two five-year renewal options. Lease obligations are guaranteed by SRG PLK OpCo, LLC, doing business as High Noon Restaurant Group, which operates 77 locations throughout Louisiana.
The lease provides for 1.75% annual rent increases beginning in March 2026, continuing through the base term and two five-year renewal options. Lease obligations are guaranteed by SRG PLK OpCo, LLC, doing business as High Noon Restaurant Group, which operates 77 locations throughout Louisiana.
Key Highlights
- Popeyes restaurant at 1423 The Blvd, Rayne, LA 70578
- Approximately .39‑acre parcel
- Roughly 1,830 rentable square feet
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
160k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 41%
Groceries 11%
Home Improvements & Furnishings 2%
McDonald's
Dining
33,697 visits/mo
0.3 miles
Super 1 Foods & Pharmacy
Groceries
17,426 visits/mo
0.1 miles
Circle K
Shops & Services
13,839 visits/mo
0.1 miles
SONIC Drive In
Dining
11,216 visits/mo
0.1 miles
Burger King
Dining
11,072 visits/mo
0.2 miles
Demographics for 70578, LA
16,201
Population
6,563
Households
2.5
Avg Household Size
38
Median Age
13%
College-Educated
85%
High-School Grad
114.9 sq mi
ZIP Area
141
Density / Sq Mi
$52,531
Median Household Income
$39,473
Median Earnings
$845
Median Rent
$153,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Popeyes restaurant leased under a long-term triple-net structure with renewal options.
Where is this nnn property located?
The property is located at 1423 The Blvd Rayne, LA.
What are key features of this property?
This property features: Popeyes restaurant at 1423 The Blvd, Rayne, LA 70578; Approximately .39‑acre parcel; Roughly 1,830 rentable square feet
