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Restaurant

Popeyes - 1271 Highway 14, Millbrook, AL

1271 AL-14, Millbrook, AL 36054

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Popeyes Louisiana Kitchen
Guarantor
Franchisee Guarantee
Rentable SF
2,986
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.19

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Louisiana Kitchen Restaurant investment opportunity located in Millbrook, Alabama. The property consists of approximately 1.34 acre parcel improved with a 2,986 square foot building. The recently constructed restaurant was built in 2021. The restaurant will have a brand new, 20-year NNN lease in place with a seasoned RBI Brands Franchisee in the Popeyes brand. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $120,000 with 7.5% percent rental increases every five years in the base term, as well as the four, five-year renewal options. The restaurant is located in Millbrook, AL on Highway 14 off Interstate 65. It is in close proximity to a Walmart Supercenter. Other notable retail includes Zaxby’s, Cracker Barrel, Fazoli’s, Burger King, Waffle House, Wendy’s, and Ellianos Coffee to name a few. Just off the I-65 freeway with over 46,800 vpd, this Popeyes location is a walk away from many popular hotels like Quality Inn and La Quinta Inn.

Investment Highlights

  • 2021 Construction
  • Sale Leaseback
  • Montgomery, AL MSA

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Popeyes - 1271 Highway 14, Millbrook, AL

Listing Price: $2,400,000

Cap Rate
5.00%
Tenant Name
Popeyes Louisiana Kitchen
Guarantor
Franchisee Guarantee
Rentable SF
2,986
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.19

Investment Highlights

  • 2021 Construction
  • Sale Leaseback
  • Montgomery, AL MSA

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Louisiana Kitchen Restaurant investment opportunity located in Millbrook, Alabama. The property consists of approximately 1.34 acre parcel improved with a 2,986 square foot building. The recently constructed restaurant was built in 2021. The restaurant will have a brand new, 20-year NNN lease in place with a seasoned RBI Brands Franchisee in the Popeyes brand. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $120,000 with 7.5% percent rental increases every five years in the base term, as well as the four, five-year renewal options. The restaurant is located in Millbrook, AL on Highway 14 off Interstate 65. It is in close proximity to a Walmart Supercenter. Other notable retail includes Zaxby’s, Cracker Barrel, Fazoli’s, Burger King, Waffle House, Wendy’s, and Ellianos Coffee to name a few. Just off the I-65 freeway with over 46,800 vpd, this Popeyes location is a walk away from many popular hotels like Quality Inn and La Quinta Inn.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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