Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Popeyes Hot Springs Portfolio, consisting of three fee-owned quick-service restaurant properties strategically located throughout Hot Springs, Arkansas. This rare portfolio offers investors immediate cash flow from fully operational units, each featuring a modern drive-thru prototype, strong visibility, and prime positioning along the city’s most traveled commercial corridors. The portfolio generates consistent performance with an average unit volume (AUV) of approximately $1.4 million, backed by Popeyes’ position as one of the world’s leading QSR brands. Collectively, the three locations produced more than $4.3 million in 2024 sales and remain supported by robust demand drivers including steady tourism, strong residential growth, and proximity to hospitals, schools, and regional retail. Hot Springs is a nationally recognized tourist destination that draws millions of annual visitors to its historic downtown, Oaklawn Racing Casino Resort, and Hot Springs National Park. With all three Popeyes locations clustered within minutes of each other, this offering provides operational efficiencies, scalability, and the ability to leverage shared oversight. Backed by Restaurant Brands International (NYSE: QSR), the portfolio represents a compelling opportunity to acquire high-performing QSR real estate in a growing, tourism-driven market.