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POPEYES – DAPHNE, AL 1511 Us Highway 98 2,250 SF Retail Building Daphne, AL 36526 $2,583,000 ($1,148/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction)
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 43,092 | Average Household Income (1MI): $128,942
- TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama.
- TRAFFIC COUNTS: Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98
- STRONG SALES PERFORMANCE: Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!
EXECUTIVE SUMMARY
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 43-04-20-2-000-064.002 | Improvements Assessment | $147,140 |
| Land Assessment | $96,340 | Total Assessment | $243,480 |
PROPERTY TAXES
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POPEYES – DAPHNE, AL | 1511 Us Highway 98
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