Popeyes Conventional
New
For Sale
$2,190,900
2850 W 9 Mile Rd, Pensacola, FL 32534
Quick-service restaurant opportunity with an absolute NNN lease, contractual rent growth, and multiple renewal options.
Property Size2,109 SF
Price / SF$1,038
Days on Market2
Property Features for 2850 W 9 Mile Rd
General Information
Standard status
Active
Size
2,109 SF
Property subtype
Restaurant
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Flexible Acquisition Opportunity – Available individually or as a three-property portfolio spanning Pensacola, Jacksonville and Pinellas Park, Florida.
Brand-New 20-Year Absolute NNN Leases – Recently commenced leases extending into 2046 with zero landlord responsibilities
2.0% Annual Rent Increases – Contractual annual rental growth throughout the initial lease terms
Experienced Multi-Unit Guarantor – Leases guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee
Attractive Portfolio Economics – Offered at $5,945,445 at a 5.50% cap rate, generating $327,000 in current annual NOI
Established Global QSR Brand – Popeyes has approximately 5,000 locations in 51 countries and is owned by Restaurant Brands International, parent company of Burger King and Tim Hortons.
Building Details
Building Size
2,109 SF
Listing Agency:
Marcus & Millichap - Fort Lauderdale
Listed By:
Alan Lipsky · License #License(s): FL: SL3279054
(954) 245-3595
Source:
Marcusmillichap
Added: Sep 19
Last Checked: Sep 20 at 5:04AM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This offering includes a three-property Popeyes restaurant portfolio spanning Pensacola, Jacksonville, and Pinellas Park, Florida. The Pensacola asset is located at 2850 W 9 Mile Rd and forms part of a flexible acquisition structure that allows the properties to be purchased individually or together. Each restaurant operates under a recently commenced 20-year absolute NNN lease extending into 2046, with 2.0% annual rent increases during the initial term and multiple five-year renewal options.
The leases are guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee. The Pensacola location has access to Interstate 10 and US-29 along the Nine Mile Road corridor. The Jacksonville property is positioned near I-95 and I-295, while the Pinellas Park restaurant sits on a signalized corner along Park Boulevard with access to US Highway 19. The three markets provide exposure to established Florida trade areas with surrounding residential and commercial populations.
The leases are guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee. The Pensacola location has access to Interstate 10 and US-29 along the Nine Mile Road corridor. The Jacksonville property is positioned near I-95 and I-295, while the Pinellas Park restaurant sits on a signalized corner along Park Boulevard with access to US Highway 19. The three markets provide exposure to established Florida trade areas with surrounding residential and commercial populations.
Key Highlights
- Three‑property Popeyes portfolio across Pensacola, Jacksonville, and Pinellas Park, Florida
- Recently commenced 20‑year absolute NNN leases extending into 2046
- 2.0% annual rent increases during the initial lease term
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 45%
Hotels & Casinos 5%
Circle K
Shops & Services
20,755 visits/mo
0.4 miles
Panera Bread
Dining
10,114 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
8,523 visits/mo
0.1 miles
Courtyard Pensacola I-10 West
Hotels & Casinos
2,209 visits/mo
0.3 miles
Demographics for 32534, FL
16,006
Population
7,573
Households
2.1
Avg Household Size
39
Median Age
22%
College-Educated
92%
High-School Grad
9.9 sq mi
ZIP Area
1,617
Density / Sq Mi
$59,013
Median Household Income
$34,841
Median Earnings
$1,350
Median Rent
$192,500
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?
Conventional restaurant - Quick-service restaurant opportunity with an absolute NNN lease, contractual rent growth, and multiple renewal options.
Where is this conventional restaurant located?
The property is located at 2850 W 9 Mile Rd Pensacola, FL.
What is the asking price?
The asking price for this property is $2,190,900.
What are key features of this property?
This property features: Three‑property Popeyes portfolio across Pensacola, Jacksonville, and Pinellas Park, Florida; Recently commenced 20‑year absolute NNN leases extending into 2046; 2.0% annual rent increases during the initial lease term
