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Restaurant

Popeyes - 9036 Eastchase Parkway, Montgomery, AL

9036 Eastchase Pkwy, Montgomery, AL 36117

Listing Price: $2,800,000

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
$46.89

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.

Investment Highlights

  • 2021 Construction
  • Experienced Multi-Brand Operator
  • Montgomery, Alabama

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Popeyes - 9036 Eastchase Parkway, Montgomery, AL

Listing Price: $2,800,000

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
$46.89

Investment Highlights

  • 2021 Construction
  • Experienced Multi-Brand Operator
  • Montgomery, Alabama

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.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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