Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 3707 U.S. Highway 301 N in Ellenton, Florida. Featuring an absolute triple-net leased Popeyes property ideally positioned near high volume traffic corridors, the offering provides a secure, passive investment backed by a strong tenant. As a result, this asset is an attractive acquisition option for investors seeking stable, hands-off income. The lease includes a scheduled 10 percent rent increase on July 7, 2029, with a primary term extending through July 6, 2034, offering long-term income visibility. The property is operated by the second-largest Popeyes franchisee in the United States, which currently manages over 130 locations, underscoring the tenant’s operational strength and commitment to the brand. Strategically located in Manatee County—one of Florida’s fastest-growing regions experiencing 20 percent population growth since 2020—the asset likewise benefits from strong demographic trends and increasing consumer demand. Furthermore, the US-301 trade area continues to experience retail expansion, highlighted by a new Tim Hortons planned less than half a mile from the property, along with continued national-brand development throughout the greater Ellenton/Parrish corridor This surge in surrounding development reinforces the corridor’s status as a growing retail hub, driving foot traffic and supporting long-term tenant performance. As a result, this retail asset is a highly desirable opportunity for investors prioritizing durability and upside potential.