Absolute NNN Restaurant
For Sale
Contact for pricing
Pending
415 S Main St, Cleveland, GA 30528
Popeyes occupies a newly built drive-through restaurant under a long-term absolute triple-net lease.
Property Size2,183 SF
Lot Size2.55 Acres
Days on Market406
Property Features for 415 S Main St
General Information
Standard status
Pending
Size
2,183 SF
Total Parking Spaces
25
Lot size
2.55 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$135,200
Additional Details
Cap Rate
6.25%
Road Access
Yes
Building Details
Year Built
2023
Buildings
1
Tenancy
Single
Listing Agency:
Kidder Matthews
Listed By:
Nicholas Phillips · License #CA 02039070
Source:
Crexi
Added: Jul 22, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:26PM
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 Kidder Matthews
Investment Insights
Based on property information with market context.
This 2023-built Popeyes restaurant contains 2,183 square feet within a 2.55-acre commercial parcel. The property is leased on an absolute triple-net basis for a term exceeding 12 years, with four additional 5-year extension options. Contractual rent escalations of 10% are scheduled every five years, with the next adjustment in 2027.
The restaurant is positioned at 415 S. Main St. in Cleveland, Georgia, along the principal roadway through downtown. The surrounding trade area includes Walmart, Tractor Supply, AutoZone, Dunkin’, Chick-fil-A, Bojangles, Walgreens, and ALDI, providing established national retail presence near the site. The offering carries a 6.25% cap rate.
The restaurant is positioned at 415 S. Main St. in Cleveland, Georgia, along the principal roadway through downtown. The surrounding trade area includes Walmart, Tractor Supply, AutoZone, Dunkin’, Chick-fil-A, Bojangles, Walgreens, and ALDI, providing established national retail presence near the site. The offering carries a 6.25% cap rate.
Key Highlights
- Popeyes restaurant completed in 2023
- 2,183 square feet on +/- 2.55 acres
- Absolute triple‑net lease with a 12+ year term
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
201k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 26%
Home Improvements & Furnishings 8%
Electronics 6%
Chick-fil-A
Dining
30,481 visits/mo
0.4 miles
McDonald's
Dining
21,503 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,587 visits/mo
0.3 miles
BP
Shops & Services
16,432 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,854 visits/mo
0.4 miles
Demographics for 30528, GA
23,885
Population
10,669
Households
2.2
Avg Household Size
43
Median Age
22%
College-Educated
83%
High-School Grad
166.2 sq mi
ZIP Area
144
Density / Sq Mi
$69,592
Median Household Income
$36,788
Median Earnings
$1,028
Median Rent
$258,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Popeyes occupies a newly built drive-through restaurant under a long-term absolute triple-net lease.
Where is this nnn property located?
The property is located at 415 S Main St Cleveland, GA.
What are key features of this property?
This property features: Popeyes restaurant completed in 2023; 2,183 square feet on +/- 2.55 acres; Absolute triple‑net lease with a 12+ year term
