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Restaurant

Popeyes Sale Leaseback 20 Year NNN Lease

2201 Paramount Blvd, Amarillo, TX 79109

Listing Price: $3,389,923

Cap Rate
3.90%
Tenant Name
Popeyes
Guarantor
Corporate Guarantee
Rentable SF
2,431
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.38

Investment Overview

Marcus & Millichap is pleased to present for sale this Popeye’s Louisiana Kitchen Restaurant located at 2201 Paramount Boulevard in Amarillo, Texas. Amarillo is a city in Texas and the Seat of Potter County and the 14th most populous city in Texas and the largest city in the Texas Panhandle with a population over 199,371 and part of the Amarillo metro Area with a population over 269,447. Amarillo is considered the regional economic center for the Texas Panhandle as well as for Eastern New Mexico and the Oklahoma Panhandle with major employers including Tyson Foods, BWXT and United Supermarkets. Located just 13 minutes from this Popeye’s restaurant is The Rick Husband Amarillo International Airport with 3,457 acres and over 68,367 airport operations each year and over 187 per day. Also a few minutes from the property is The Amarillo Botanical Gardens with the newly constructed Mary E. Bivins Conservatory Building. Amarillo College is just minutes from the property and has a current enrollment of over 10,000 Students. Many Motels and Hotels surround this Popeye’s including Super 8 by Wyndham, Atrea Inn Hotel, Extend-ASuites, and Motel 6. Numerous new home communities are also in close proximity including Betenbrough Homes, Tradewinds Devy Homes by Lyons, Omega Homes and New Life Homes. Many National retailers are also a few minutes from the property including Walmart Supercenter, Burlington Coat Factory, Walgreens and Hobby Lobby. Popeye’s Louisiana Kitchen, Inc., also known as Popeye’s, is a famous American multinational chain of fried chicken fast food restaurants that was founded in 1972 in New Orleans and is today headquartered in Miami, Florida. As of 2020, Popeye’s had 3,451 restaurants located in 36 states, The District of Columbia, Puerto Rico and 30 countries worldwide. Annual income for Popeye’s Inc. exceeds 268.9 Million Dollars annually.

Investment Highlights

  • 20 Year Absolute NNN Sale Leaseback
  • Strong 140+ Unit Franchisee Guarantee
  • 7.55% Rent Increases every 5 Years during the Base Term and Options
  • Popeye's Louisiana Kitchen Located in Amarillo, Texas Population 199,371 Largest City in Texas Panhandle
  • Popeye's has 3,451 restaurants in 36 States, District of Columbia, Puerto Rico and 30 Countries Worldwide

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Popeyes Sale Leaseback 20 Year NNN Lease

Listing Price: $3,389,923

Cap Rate
3.90%
Tenant Name
Popeyes
Guarantor
Corporate Guarantee
Rentable SF
2,431
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.38

Investment Highlights

  • 20 Year Absolute NNN Sale Leaseback
  • Strong 140+ Unit Franchisee Guarantee
  • 7.55% Rent Increases every 5 Years during the Base Term and Options
  • Popeye's Louisiana Kitchen Located in Amarillo, Texas Population 199,371 Largest City in Texas Panhandle
  • Popeye's has 3,451 restaurants in 36 States, District of Columbia, Puerto Rico and 30 Countries Worldwide

Investment Overview

Marcus & Millichap is pleased to present for sale this Popeye’s Louisiana Kitchen Restaurant located at 2201 Paramount Boulevard in Amarillo, Texas. Amarillo is a city in Texas and the Seat of Potter County and the 14th most populous city in Texas and the largest city in the Texas Panhandle with a population over 199,371 and part of the Amarillo metro Area with a population over 269,447. Amarillo is considered the regional economic center for the Texas Panhandle as well as for Eastern New Mexico and the Oklahoma Panhandle with major employers including Tyson Foods, BWXT and United Supermarkets. Located just 13 minutes from this Popeye’s restaurant is The Rick Husband Amarillo International Airport with 3,457 acres and over 68,367 airport operations each year and over 187 per day. Also a few minutes from the property is The Amarillo Botanical Gardens with the newly constructed Mary E. Bivins Conservatory Building. Amarillo College is just minutes from the property and has a current enrollment of over 10,000 Students. Many Motels and Hotels surround this Popeye’s including Super 8 by Wyndham, Atrea Inn Hotel, Extend-ASuites, and Motel 6. Numerous new home communities are also in close proximity including Betenbrough Homes, Tradewinds Devy Homes by Lyons, Omega Homes and New Life Homes. Many National retailers are also a few minutes from the property including Walmart Supercenter, Burlington Coat Factory, Walgreens and Hobby Lobby. Popeye’s Louisiana Kitchen, Inc., also known as Popeye’s, is a famous American multinational chain of fried chicken fast food restaurants that was founded in 1972 in New Orleans and is today headquartered in Miami, Florida. As of 2020, Popeye’s had 3,451 restaurants located in 36 states, The District of Columbia, Puerto Rico and 30 countries worldwide. Annual income for Popeye’s Inc. exceeds 268.9 Million Dollars annually.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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