312 East Fairmount Avenue, Lakewood, NY 14750

A newly developed freestanding Popeyes Louisiana Kitchen restaurant is offered on an approximately 1-acre site with 2,353 square feet of space. The property is subject to a newly executed 20-year absolute NNN ground lease, with the lease term extending through May 2046. Under the lease structure, the tenant is responsible for all taxes, insurance, maintenance, and operating expenses, resulting in zero landlord responsibilities.

The ground lease is newly executed and features scheduled rent increases of 10% every five years throughout the initial term and each of the six 5-year renewal options. The operator is Liberty Restaurants Holdings, an established multi-unit Popeyes franchisee with more than 55 restaurant locations.

Located along Fairmount Avenue, the dominant retail corridor serving Lakewood and Jamestown, the site is positioned adjacent to Chautauqua Mall. The surrounding retail mix includes national retailers such as Walmart, Target, Chipotle, Olive Garden, Applebee’s, Aldi, Home Depot, TJ Maxx, and Michaels, among others. For a buyer seeking NNN ground-lease income with long-term durability and tenant responsibility for operating costs, this newly constructed restaurant provides a straightforward, low-management structure tied to a long-term franchise operator.