Restaurant
Popeyes (Walmart-Anchored Development)
119 Compromise Ct, Phenix City, AL 36870
Listing Price: $1,828,000
Investment Overview
Offered for sale is a Long-Term Absolute Net Lease Popeyes located in Phenix City, Alabama, positioned next to a Walmart Neighborhood Market within the Columbus, GA-AL MSA. The lease has 15.1 years remaining on its initial 20-year term, with the tenant responsible for taxes, insurance, CAM, roof, and structure and rent increasing 7.50% every five years. The property sits on a full 1-acre corner lot with excellent access and visibility along US-80 (23,858 VPD), the primary east-west commercial corridor connecting Phenix City to downtown Columbus, Georgia. It is part of an established, multi-phase retail development anchored by Walmart since 2016, with Taco Bell, Dollar Tree, Sonic, and Snappy's Express Car Wash added over the following years.
Popeyes (Walmart-Anchored Development)
Investment Highlights
- Long-Term Absolute Net Lease With 15.1 Years Remaining
- Excellent Access and Visibility on US-80 (23,858 VPD)
- Part of an Established, Multi-Phase Retail Development Anchored by Walmart Since 2016
- Positioned Within the Columbus, GA-AL MSA (MSA Population: 324,830), Anchored by Fort Moore and Three Major Corporate Headquarters
- 193,519 Residents and a 193,774 Daytime Population Within a 10-Mile Radius
- Modern Popeyes Construction Built in 2021 on a Full 1-Acre Corner Lot
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $1,828,000
Investment Highlights
- Long-Term Absolute Net Lease With 15.1 Years Remaining
- Excellent Access and Visibility on US-80 (23,858 VPD)
- Part of an Established, Multi-Phase Retail Development Anchored by Walmart Since 2016
- Positioned Within the Columbus, GA-AL MSA (MSA Population: 324,830), Anchored by Fort Moore and Three Major Corporate Headquarters
- 193,519 Residents and a 193,774 Daytime Population Within a 10-Mile Radius
- Modern Popeyes Construction Built in 2021 on a Full 1-Acre Corner Lot
Investment Overview
Offered for sale is a Long-Term Absolute Net Lease Popeyes located in Phenix City, Alabama, positioned next to a Walmart Neighborhood Market within the Columbus, GA-AL MSA. The lease has 15.1 years remaining on its initial 20-year term, with the tenant responsible for taxes, insurance, CAM, roof, and structure and rent increasing 7.50% every five years. The property sits on a full 1-acre corner lot with excellent access and visibility along US-80 (23,858 VPD), the primary east-west commercial corridor connecting Phenix City to downtown Columbus, Georgia. It is part of an established, multi-phase retail development anchored by Walmart since 2016, with Taco Bell, Dollar Tree, Sonic, and Snappy's Express Car Wash added over the following years.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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