Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 1827 Beltline Road Southwest in Decatur, Alabama which is a suburb of Huntsville. The property consists of a 0.58-acre parcel improved with an approximately 2,039-square foot building. The restaurant will have a brand new 20-year lease at the close of escrow with a seasoned RBI Brands Franchisee operating over 70 restaurants. This franchisee has been a Burger King and Popeyes operator for over a decade and is one of the fastest growing Franchisees in the entire system. In 2012, this operator was awarded “Developer of the Year”. Annual base rent is set at $145,000 with 10 percent rental increases every five years in the base term, as well as the four, five-year renewal options. The restaurant is located directly on Beltline Road/Highway 67 which experiences traffic counts exceeding 32,000 cars per day. Decatur is situated along the Tennessee River which flows along it’s northern border. There are two bridges across the river leading to Huntsville which is just 30 minutes to the northwest along Highway 72 or I 65. Beltline Road/Highway 67 is home to all of Decatur’s major retailers. Immediately surrounding this Popeyes are Publix, Lowes, Belk, McDonalds, Petco, Panda Express, Taco Bell and many others. The property also benefits from its location across from the Parkway Medical Center.