1860 N Perris Blvd
Perris, CA 92571
Popeyes · Retail Property For Sale

Restaurant Brands International (parent company of Burger King, Tim Hortons) recently agreed to acquire Popeyes for $1.8 billion (major investors include Warren Buffett' s Berkshire Hathaway and 3G Capital) Last single-tenant investment available for purchase at Perris Marketplace New 20-year absolute NNN ground lease with 10% increases every 5 years Below market ground rent compared to similar single-tenant fast food investments Popeyes is the 2nd largest quick-service chicken concept with nearly 2,600 locations in the United States and 26 countries worldwide Pad to a Newly Constructed Walmart Supercenter: Walmart relocated and upgraded to the Supercenter format in 2015, speaking to the strength of this location Excellent Regional Draw: The Subject Property sits at the main entrance to the Only Walmart within a 9-mile radius Strong Neighboring Tenant Synergy: Regional/national co-tenants in Perris Marketplace include Walmart Supercenter, Chipotle, Pacific Dental Services, Panda Express, Pieology, Sally Beauty, Starbucks, T-Mobile, Verizon, Waba Grill, Wendy' s, and Yogurtland Freeway Adjacent: Located adjacent to Interstate 215 with 145,000 cars per day and nearly 28,000 cars per day along Nuevo Road at the freeway on/off ramps Dominant Retail and Entertainment Trade Area: The Subject Property is adjacent to a Regency Theatres and Food 4 Less anchored center with neighboring shopping centers being anchored by Cardenas Market, dd' s Discounts, and Stater Bros. Site of Future Development: Nearby development includes a 99 Cents Only and Smart & Final anchored center, a Lowe' s anchored center, and Harvest Landing, a 341 acre master-planned community that will allow up to 1,860 units.