Popeyes Absolute NNN
New
For Sale
$1,754,545
5950 Park Blvd, Pinellas Park, FL 33781
Three Florida quick-service restaurant properties with long-term absolute NNN leases and multiple renewal options.
Property Size2,079 SF
Price / SF$843.94
Days on Market2
Property Features for 5950 Park Blvd
General Information
Standard status
Active
Size
2,079 SF
Property subtype
Restaurant
Lease Type
NNN
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.
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.
Strong Site-Level Demographics – Three-mile average household incomes range from approximately $75,953 in Jacksonville to $101,549 in Pensacola, while Pinellas Park benefits from more than 270,000 residents within five miles
. 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
2,079 SF
Buildings
3
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 5:20AM
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 comprises three Popeyes quick-service restaurant properties in Pensacola, Jacksonville, and Pinellas Park, Florida. The assets may be acquired individually or together as a portfolio. Each property is subject to a recently commenced 20-year absolute NNN lease running 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 properties occupy established Florida trade areas, including the Nine Mile Road corridor in Pensacola, the Dunn Avenue retail corridor in Jacksonville, and a signalized Park Boulevard corner in Pinellas Park. Access is provided to Interstate 10, US-29, I-95, I-295, and US Highway 19 across the portfolio locations. The Pinellas Park property is located at 5950 Park Blvd, Pinellas Park, FL 33781.
The leases are guaranteed by Pulse Restaurant Group, LLC, a 50-unit Popeyes franchisee. The properties occupy established Florida trade areas, including the Nine Mile Road corridor in Pensacola, the Dunn Avenue retail corridor in Jacksonville, and a signalized Park Boulevard corner in Pinellas Park. Access is provided to Interstate 10, US-29, I-95, I-295, and US Highway 19 across the portfolio locations. The Pinellas Park property is located at 5950 Park Blvd, Pinellas Park, FL 33781.
Key Highlights
- Three‑property Popeyes portfolio spanning Pensacola, Jacksonville, and Pinellas Park, Florida
- Recently commenced 20‑year absolute NNN leases extending into 2046
- 2.0% annual rent increases during each initial lease term
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Popeyes Louisiana Kitchen
Dining
8,964 visits/mo
0.1 miles
Food Mart
Shops & Services
3,024 visits/mo
0.4 miles
Citgo
Shops & Services
2,662 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,567 visits/mo
0.5 miles
Value Pawn & Jewelry
Shops & Services
1,985 visits/mo
0.3 miles
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Three Florida quick-service restaurant properties with long-term absolute NNN leases and multiple renewal options.
Where is this nnn property located?
The property is located at 5950 Park Blvd Pinellas Park, FL.
What is the asking price?
The asking price for this property is $1,754,545.
What are key features of this property?
This property features: Three‑property Popeyes portfolio spanning Pensacola, Jacksonville, and Pinellas Park, Florida; Recently commenced 20‑year absolute NNN leases extending into 2046; 2.0% annual rent increases during each initial lease term
