Property summary
This exceptional investment opportunity presents a portfolio of fourteen Popeyes restaurants totaling 31,988 square feet across Florida and Illinois. The properties are held under a master lease with an absolute NNN structure, providing significant investor protection. The lease boasts a substantial initial net operating income (NOI) and features a remaining term of approximately 16.6 years, extending to June 30, 2041. The lease includes four, five-year renewal options, further enhancing the long-term value. A key advantage is the rare 2% annual rent increases built into the lease, providing consistent growth and predictable cash flow. The portfolio's locations are strategically situated within high-traffic retail corridors, benefiting from strong demographics. Average population within a three-mile radius of each location is 70,281, with an average household income of $84,191. The portfolio encompasses 9.41 acres of land. This offering represents a compelling opportunity for investors seeking a stable, high-performing, and long-term net lease investment in the fast-food sector. The portfolio's strong tenant, favorable lease terms, and prime locations combine to create a highly attractive investment proposition.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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