3300 Pelham Parkway, Pelham, AL 35124

This quick-service restaurant is offered as an Absolute NNN property, with a brand-new 20-year lease in place for Popeyes. The lease includes 7.50% rental escalations every five years and four additional five-year renewal options. The tenant, Ram-Z Roost, LLC, is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further supported by a unit guaranty from Ram-Z Restaurant Group, which includes 39 Freddy’s restaurants (42 by year-end 2026) and 33 Schlotzsky’s restaurants, totaling 84 unit guaranty.

The property is positioned for visibility and access along AL-119/US-31 (Pelham Parkway), identified as a main north/south thoroughfare in Pelham. Traffic counts are provided at 29,899 CPD. Major retailers within five miles include Walmart, Lowe’s Home Improvement, Ross Dress for Less, Belk, Gabe’s, Hibbett, Shoe Dept, ALDI, Publix, Books-A-Million, Michaels, Kirkland’s Home, Harbor Freight, Tractor Supply, Dollar Tree, Dollar General, and AmStar Cinemas.

For tenants, operators, and investors seeking a stabilized, brand-anchored NNN restaurant asset, this opportunity combines an active, operating Popeyes location with an Absolute NNN structure and scheduled rent increases. Nearby institutional and healthcare demand drivers include Baptist Health Shelby Hospital and two universities within the distances noted above, supporting the broader retail and visitor draw in the area.