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Restaurant

POPEYES | 20YR SLB | FEE SIMPLE | LARGEST FRANCHISEE

2201 Paramount Boulevard, Amarillo, TX 79109

Listing Price: $2,966,292

Cap Rate
4.45%
Tenant Name
Popeyes
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,431
Lease Type
Absolute Net
Rent Per Square Feet
$54.30

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding 2,431 square-foot Popeye's sitting on approximately 0.7 acres of land is ideally located in the heart of a vibrant and dense retail corridor of the largest city in the Texas Panhandle: Amarillo. This site is operated by the largest Popeye's franchisee in the system and is subject to a brand new 20-year NNN lease with 10% rental increases every five (5) years making for a perfect hands-off investment for an out-of-state investor. Positioned along Paramount Boulevard, right off the I-40 Freeway (87,000± VPD), this Popeye's benefits from the highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations. Major national tenants include: The Home Depot, Walgreens, Office Depot, Walmart Supercenter, Cinemark, Sally Beauty Supply, Gold's Gym, Crunch Fitness, Aspen Dental, and many others.

Investment Highlights

  • Excellent Guaranty | Operated by the Dhanani Group (Largest Popeye's Franchisee)
  • The Principals of The Dhanani Group Control a Combined 1,000+ QSR and Convenience Businesses: 375 Popeyes, 506 Burger King, 42 La Madeleines and More
  • Successful Store with Strong Operating History and Very Healthy Rent-to-Sales Ratio
  • Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years
  • Highly Trafficked Location | Outparcel to Newly Renovated Gold's Gym | Just Off The I-40 (87,000± Average Vehicles Per Day)
  • Amarillo, TX | The Largest City in the Texas Panhandle and 14th Most Populous City in TX
  • ~10 Minutes from The Rick Husband Amarillo International Airport
  • Close Proximity to Large Academic Institutions Including Tascosa High School With 2,200± Students & Amarillo College (10,000± Enrolled)

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

POPEYES | 20YR SLB | FEE SIMPLE | LARGEST FRANCHISEE

Listing Price: $2,966,292

Cap Rate
4.45%
Tenant Name
Popeyes
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,431
Lease Type
Absolute Net
Rent Per Square Feet
$54.30

Investment Highlights

  • Excellent Guaranty | Operated by the Dhanani Group (Largest Popeye's Franchisee)
  • The Principals of The Dhanani Group Control a Combined 1,000+ QSR and Convenience Businesses: 375 Popeyes, 506 Burger King, 42 La Madeleines and More
  • Successful Store with Strong Operating History and Very Healthy Rent-to-Sales Ratio
  • Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years
  • Highly Trafficked Location | Outparcel to Newly Renovated Gold's Gym | Just Off The I-40 (87,000± Average Vehicles Per Day)
  • Amarillo, TX | The Largest City in the Texas Panhandle and 14th Most Populous City in TX
  • ~10 Minutes from The Rick Husband Amarillo International Airport
  • Close Proximity to Large Academic Institutions Including Tascosa High School With 2,200± Students & Amarillo College (10,000± Enrolled)

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding 2,431 square-foot Popeye's sitting on approximately 0.7 acres of land is ideally located in the heart of a vibrant and dense retail corridor of the largest city in the Texas Panhandle: Amarillo. This site is operated by the largest Popeye's franchisee in the system and is subject to a brand new 20-year NNN lease with 10% rental increases every five (5) years making for a perfect hands-off investment for an out-of-state investor. Positioned along Paramount Boulevard, right off the I-40 Freeway (87,000± VPD), this Popeye's benefits from the highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations. Major national tenants include: The Home Depot, Walgreens, Office Depot, Walmart Supercenter, Cinemark, Sally Beauty Supply, Gold's Gym, Crunch Fitness, Aspen Dental, and many others.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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