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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 $4,107,000 ($776.96/SF) 5.50% 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
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.
Popeyes is a global quick-service restaurant brand focused on Louisiana-style fried chicken and related menu offerings. The company was founded in 1972 in the New Orleans suburb of Arabi, Louisiana, by entrepreneur Alvin C. Copeland Sr. Originally operating as “Chicken on the Run,” the concept was rebranded as Popeyes after introducing a spicier Cajun-influenced recipe that differentiated it from national competitors. Popeyes expanded through franchising beginning in the mid-1970s and established itself as a leading chicken-focused quick-service brand in the United States before expanding internationally.
T-Mobile US is a publicly traded wireless telecommunications provider headquartered in Bellevue, Washington. Established in 1994 as VoiceStream Wireless, the company was later acquired by Deutsche Telekom and rebranded under the T-Mobile name. Its operations focus on nationwide mobile communication services, including wireless voice, data, and broadband offerings. The company has grown through major industry milestones, most notably its merger with Sprint in 2020, which expanded its spectrum assets and subscriber base. T-Mobile operates under a majority ownership by Deutsche Telekom and continues to develop its network capabilities, including sustained investment in 5G infrastructure across the United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | - | - | - | |
|
Accommodation and Food Services | - | - | Negotiable | - | |
|
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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