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POPEYE’S SHOPPING CENTER– CLERMONT, FL 16526-16530 State Road 50 5,286 SF 100% Leased 4-Star Retail Building Clermont, FL 34711 $4,149,000 ($784.90/SF) 5.65% Cap Rate
Investment Highlights
- Popeyes (20-Year NNN Lease) – National QSR chain with a strong credit profile; early in their lease term (Year 1 of 20), ensuring long-term stability.
- T-Mobile – A Fortune 100 company and one of the largest wireless carriers in the U.S., providing corporate-backed tenancy.
- Positioned directly on State Road 50 (59,473 CPD), a dominant east-west arterial, the center boasts outstanding visibility
- Jeff’s Bagel Run (10 Years Remaining) – A fast-growing Florida-based concept with a cult following and strategic expansion plans
- All tenants are on long-term leases with structured rental escalations, offering built-in NOI growth and inflation protection
- Surrounded by a powerful mix of national anchors including Costco, Target, Walmart, Kohl’s, BJ’s Wholesale, Lowe’s, Home Depot, and many more
Executive Summary
With stable in-place income, strong lease terms, and national tenancy, this asset is ideal for investors seeking defensive positioning with upside via escalations and continued market growth. Minimal landlord responsibilities make it well-suited for both institutional buyers and private investors.
Popeyes currently operates over 4,100 locations in over 25 countries.
Jeff's Bagel Run currently has 10 locations open, with 6 more set to open soon.
T-Mobile currently has over 5,000 retail locations nationwide.
Broker of Record
Brian Brockman - Bang Realty-Naples, Inc
LIC # BK3327646
In Association with Designated Broker:
BRIAN BROCKMAN
Broker of Record
Bang Realty-Naples, Inc.
LIC # BK3327646
Property Facts
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
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After relocating to Central Florida in 2016, Jeff and Danielle Perera found themselves longing for the authentic New York-style bagels that Danielle grew up enjoying. Dissatisfied with the options available, they decided to take matters into their own hands. In 2019, when Jeff faced a layoff, Danielle saw an opportunity to turn their shared love of bagels into something more. With Jeff as the baker and Danielle as the taste tester, they embarked on a journey to perfect the art of bagel making. Amidst the challenges of the pandemic, Jeff initiated what would become known as the “bagel run” – personally delivering freshly baked “Always boiled, never toasted” bagels door-to-door to friends, neighbors, and local businesses. The response was overwhelming, with demand quickly outpacing supply. Fueled by the enthusiasm of their community, Jeff’s Bagel Run evolved from a humble home kitchen operation to a thriving business.
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- Accommodation and Food Services
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- Negotiable
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Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
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- Information
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T-Mobile began in 1994 as VoiceStream Wireless before being acquired by Deutsche Telekom in 2001. The company became a major national carrier through mergers with MetroPCS in 2013 and Sprint in 2020. T-Mobile offers consumer and business wireless services under its main brand and Metro by T-Mobile. The company expanded its 5G network through the 2025 acquisition of UScellular's wireless operations. T-Mobile continues to provide mobile phone and broadband services nationwide.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Accommodation and Food Services | - | - | - | - | |
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Accommodation and Food Services | - | - | Negotiable | - | |
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Information | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 26-22-26-0001-000-02500 | Improvements Assessment | $854,676 |
| Land Assessment | $1,064,194 | Total Assessment | $1,918,870 |
Property Taxes
Presented by
POPEYE’S SHOPPING CENTER– CLERMONT, FL | 16526-16530 State Road 50
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