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Restaurant

Popeyes - 5478 Highway 280, Harpersville, AL

5478 US-280, Harpersville, AL 35078

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Popeyes Louisiana Kitchen
Guarantor
Franchisee Guarantee
Rentable SF
2,580
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.82

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Louisiana Kitchen Restaurant investment opportunity located in Harpersville, Alabama. The property consists of approximately 1.02 acre parcel improved with a 2,580 square foot building. The recently constructed restaurant was built in 2019. 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 $95,000 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 Harpersville, AL on Highway 280. With over 20,000 vehicles per day, this location is highly visible immediately off the road. It is just down the road from a Walmart Supercenter and a Publix Grocery Store. Other notable retail down the road include McDonald’s, Sonic, Burger King, Bojangles, Dairy Queen, Arby’s, and Domino’s Pizza to name a few. This Popeyes sits next to a brand new Burger King as the only serious competition within a 1-mile radius.

Investment Highlights

  • 2019 Construction
  • 20,200 Vehicles Per Day
  • Experienced Multi-Brand Operator

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Popeyes - 5478 Highway 280, Harpersville, AL

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Popeyes Louisiana Kitchen
Guarantor
Franchisee Guarantee
Rentable SF
2,580
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$36.82

Investment Highlights

  • 2019 Construction
  • 20,200 Vehicles Per Day
  • Experienced Multi-Brand Operator

Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Louisiana Kitchen Restaurant investment opportunity located in Harpersville, Alabama. The property consists of approximately 1.02 acre parcel improved with a 2,580 square foot building. The recently constructed restaurant was built in 2019. 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 $95,000 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 Harpersville, AL on Highway 280. With over 20,000 vehicles per day, this location is highly visible immediately off the road. It is just down the road from a Walmart Supercenter and a Publix Grocery Store. Other notable retail down the road include McDonald’s, Sonic, Burger King, Bojangles, Dairy Queen, Arby’s, and Domino’s Pizza to name a few. This Popeyes sits next to a brand new Burger King as the only serious competition within a 1-mile radius.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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