Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new Popeyes located at 5615 Beeler Street in Denver, Colorado. The ±2,300-square-foot freestanding restaurant sits on ±1.15 acres and is subject to a new 20-year absolute NNN ground lease that commenced on June 6, 2024. The lease features 2% annual rental increases, four (4) five-year renewal options, and zero landlord responsibilities, offering a truly passive investment structure with long-term rent growth. The tenant, Zubha Pop Foods, LLC, is backed by the Dhanani Group—one of the largest QSR franchisees in the country with over 2,000 QSR and convenience locations, including 400+ Popeyes and 554 Burger King units. The Dhanani Group generated $1.7 billion in revenue in 2023 and is ranked the third-largest franchisee in the U.S. per Multi-Unit Franchisee Magazine (2024). This Popeyes is strategically located at the intersection of E 56th Avenue (±23,363 VPD) and Beeler Street, directly adjacent to Victory Crossing, a ±50-acre mixed-use development delivering in 2026, and near Dick’s Sporting Goods Park, home to the Colorado Rapids and over 1.7 million annual visitors. The property is surrounded by newly built housing, national retailers, and dense commercial activity, all within Denver’s Central Park neighborhood—the city’s wealthiest zip code and one of its fastest-growing urban hubs. Priced at $3,570,000 with a 5.00% cap rate and $178,500 in year-one NOI, this offering provides a premium location, a long-term lease, and a top-tier franchisee in one of the country’s most dynamic metros.