Restaurant
POPEYES | 20YR SLB | FEE SIMPLE | LARGEST FRANCHISEE
2201 Paramount Blvd., Amarillo, TX 79109
Listing Price: $2,966,292
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.
POPEYES | 20YR SLB | FEE SIMPLE | LARGEST FRANCHISEE
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
Financing By
Restaurant
POPEYES | 20YR SLB | FEE SIMPLE | LARGEST FRANCHISEE
Listing Price: $2,966,292
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
Financing By
