Investment Overview

Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Popeyes Restaurant investment opportunity located in Athens, AL. The property consists of approximately 0.72 acres improved with a 3,222 square foot building. The restaurant was built in 2018 and will have a brand new, 20-year NNN lease in place with a seasoned 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 $120,000 with 7.5% percent rental increases every 5 years, as well as 4, five-year renewal options. The restaurant is located in Athens, AL along US Highway 72 West which is a short distance to Interstate 65. Other notable fast food restaurants nearby include Burger King, Taco Bell, Hardee’s, and Arby’s. With over 34,200 vpd and on a corner parcel, this Popeyes location is in the path for growth in this area. The population within a 5-mile radius from the restaurant is over 31,000. Other notable tenants in the immediate trade area include Tractor Supply, Goody’s, Express Oil Change, Advance Auto Parts and Aldi to name a few.