1860 Highway 53 W
Jasper, GA 30143
Popeye's · Retail Property For Sale

Marcus & Millichap is pleased to exclusively offer a 2,695-square-foot Popeyes situated on a 1.01-acre site in Jasper, which is a popular bedroom community located approximately 60 miles North of Atlanta, GA (MSA Population: 5.8 million). Popeyes brand new 15-year triple net NNN lease offers four, five-year renewal options with 10% rent increases every 5 years throughout the base term and option periods. The lease is guaranteed by Purple Square Management, a multi-unit operator of Dunkin’ Donuts, Brass Tap and Popeyes, on target to have nearly 100 locations by the end of 2018. This is a brand-new location, completed in 2018! The property is ideally situated with excellent access and visibility along Highway 53 (Traffic Count: 21,500 VPD), and Interstate 575 (Traffic Count: 34,500 VPD) the area’s primary thoroughfare which provides direct access to Downtown Atlanta. Surrounding national retailers include Walmart, Advance Auto Parts, Enterprise, Bojangles’, Home Depot, Kroger, Starbucks, Waffle House, Dollar Tree, Chevrolet, Ford, Little Caesars and many more. Jasper is part of the part of the Atlanta MSA, which has a population of 5.8 million. Over the next five years the region is expected to add approximately 512,000 residents. Popeyes Chicken & Biscuits was founded in 1972. Acquired by Restaurant Brands in 2017, it is the second-largest quick service chicken restaurant group in the United States. Popeyes has over 2,700+ locations around the globe with the NASDAQ stock symbol of PLKI.