1860 Highway 53 W
Jasper, GA 30143
Popeyes Brand New 15 Year Home Depot Entrance · Retail Property For Sale

Marcus & Millichap is pleased to offer for sale this absolute net leased, free standing Popeyes Chicken restaurant located at 1860 Highway 53 West in Jasper, Georgia, just a short drive North of downtown Atlanta and immediately off the US Interstate 515 and the Camp Road Exit. The subject property consists of a 2,695 square foot restaurant with a drive up window and ample parking on a large .97 acres parcel. Strategically located at the signalized intersection of highway 53 and Camp road with combined traffic counts in excess of 19,000 vehicles per day, this quick service restaurant benefits from over 20,000 full time residences with an average house hold income exceeding $64,000, annually. Popeyes Chicken will enter into a new fifteen year, absolute net lease with ten percent increases every five years including during the four five-year Option Periods. The Lease is backed by a 65 Unit Operating Company (Purple Square Management Company LLC) which operates restaurants throughout; Florida, Georgia, Alabama and Louisiana. The subject property is situated directly across from a Home Depot and Kroger anchored retail center with numerous National and Regional retailers in the immediate area including Starbucks, Wendys, Bojangles, Waffle House, Dairy Queen, Chilis, Ingles Market, Pizza Hut and Taco Bell, to name a few.