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1511 Us Highway 98
Daphne, AL 36526
POPEYES – DAPHNE, AL · Retail Property For Sale
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 42 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: Ram-Z Roost 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
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,250 SF
Building Class
C
Year Built
2013
Price
$2,583,000
Price Per SF
$1,148
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Zoning
C - General Commercial
Frontage
33’ on US 98
Amenities
- Restaurant
- Signage
- Drive Thru
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
Parcel Number
43-04-20-2-000-064.002
Land Assessment
$96,340
Improvements Assessment
$147,140
Total Assessment
$243,480
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