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Restaurant

Popeyes | Sale Leaseback

5946 Hwy 72 E, Gurley, AL 35748

Listing Price: $1,828,500

Cap Rate
5.25%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
3,196
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.04

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 5946 Highway 72 in East Gurley, Alabama which is a suburb of Huntsville. The property consists of a large 2.7 acre parcel improved with an approximately 3,196-square foot building. The newly constructed restaurant will have a brand new 20-year lease at the close of escrow with a seasoned RBI Brands Franchisee operating over 200 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 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $96,000 with 7.5 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 Highway 72 which experiences traffic counts exceeding 17,000 cars per day. Highway 72 takes you straight into the emerging market of Huntsville which has seen significant growth over the last decade. This property is also 20 minutes from Guntersville Lake which is a popular vacation destination in Alabama. Huntsville is known as “The Rocket City” for it’s early roll in the development of missiles in the World War II era and later for major developments in early American Space Flight. Huntsville is also home to the Cummings Research Park which includes over 300 research and technology companies with a focus on Biotechnology. The park encompasses 4,000 acres and employs over 26,000 through it’s various companies.

Investment Highlights

  • Brand New 20 Year NNN Lease
  • 2019 Construction
  • Healthy Rent To Sales Ratio

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Restaurant

Popeyes | Sale Leaseback

Listing Price: $1,828,500

Cap Rate
5.25%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
3,196
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.04

Investment Highlights

  • Brand New 20 Year NNN Lease
  • 2019 Construction
  • Healthy Rent To Sales Ratio

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 5946 Highway 72 in East Gurley, Alabama which is a suburb of Huntsville. The property consists of a large 2.7 acre parcel improved with an approximately 3,196-square foot building. The newly constructed restaurant will have a brand new 20-year lease at the close of escrow with a seasoned RBI Brands Franchisee operating over 200 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 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $96,000 with 7.5 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 Highway 72 which experiences traffic counts exceeding 17,000 cars per day. Highway 72 takes you straight into the emerging market of Huntsville which has seen significant growth over the last decade. This property is also 20 minutes from Guntersville Lake which is a popular vacation destination in Alabama. Huntsville is known as “The Rocket City” for it’s early roll in the development of missiles in the World War II era and later for major developments in early American Space Flight. Huntsville is also home to the Cummings Research Park which includes over 300 research and technology companies with a focus on Biotechnology. The park encompasses 4,000 acres and employs over 26,000 through it’s various companies.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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