Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Louisiana Kitchen Restaurant investment opportunity located in Montgomery, Alabama. The property consists of approximately 0.97 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 $140,000 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 Montgomery, AL on Eastchase parkway a few miles off Interstate 85. It is in close proximity to a Walmart Supercenter, Home Depot, Hobby Lobby, and Costco. Other notable retail includes Academy sports, AMC classic, The UPS store, and Thompson Tractor Company. Just off the I-85 freeway with over 46,000 vpd, this Popeyes location is a walk away from many popular hotels like Holiday Inn, Fairfield Inn, La Quinta Inn, and Comfort Inn.