Freestanding Popeyes Ground
For Sale
Contact for pricing
312 East Fairmount Avenue, Lakewood, NY 14750
Newly built freestanding restaurant under a long-term absolute NNN ground lease with tenant-paid operating expenses through May 2046.
Property Size2,353 SF
Lot Size1.00 Acre
Price / SF$566.65
Days on Market55
Property Features for 312 East Fairmount Avenue
General Information
Standard status
Active
Size
2,353 SF
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Caliber Commercial Brokerage
Listed By:
Matt Lester · License #NY 10491200767
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Jul 28 at 9:59AM
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 Caliber Commercial Brokerage
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- New 2,353 SF freestanding restaurant built in 2026 on approx. 1‑acre lot
- Newly executed 20‑year absolute NNN ground lease with Popeyes, scheduled through May 2046
- Tenant pays taxes, insurance, maintenance, and operating expenses (zero landlord responsibilities)
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
187k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Shops & Services 30%
Apparel 21%
Home Improvements & Furnishings 13%
T.J. Maxx
Apparel
39,273 visits/mo
0.4 miles
Michaels
Shops & Services
22,075 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
20,483 visits/mo
0.5 miles
Tim Hortons
Dining
20,342 visits/mo
0.3 miles
Panera Bread
Dining
14,974 visits/mo
0.3 miles
Demographics for 14750, NY
4,673
Population
2,352
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
414
Density / Sq Mi
$67,083
Median Household Income
$44,653
Median Earnings
$1,145
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Sakura Buffet — 110 Chautauqua Mall, Lakewood, NY 14750
- Honest John's Pizzeria Fairmount — 995 Fairmount Ave, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Newly built freestanding restaurant under a long-term absolute NNN ground lease with tenant-paid operating expenses through May 2046.
Where is this conventional restaurant located?
The property is located at 312 East Fairmount Avenue Lakewood, NY.
What is the asking price?
The asking price for this property is $1,333,333.
What are key features of this property?
This property features: New 2,353 SF freestanding restaurant built in 2026 on approx. 1‑acre lot; Newly executed 20‑year absolute NNN ground lease with Popeyes, scheduled through May 2046; Tenant pays taxes, insurance, maintenance, and operating expenses (zero landlord responsibilities)
