2161 S Byron Butler Pky
Perry, FL 32348
Retail Property For Sale

Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 2159 Byron Butler Parkway in Perry, Florida. The property consists of .75-acre improved with a 2,265-square foot building. The newly constructed restaurant has a brand new 15year lease in place with Sailormen, Inc, one of the largest domestic franchisees of Popeyes Louisiana Kitchen restaurants, currently operating more than 135 Popeyes in Florida, Georgia, Alabama, Mississippi and Louisiana. Annual base rent is set at $115,472, with 10 percent rental increases every five years in the base term, as well as the five five-year renewal options. The property is strategically located on S. Byron Butler Parkway, the town’s major retail corridor leading into Downtown Perry. Neighboring retailers include a reimaged Burger King, new Taco Bell, Pizza Hut, Subway, Huddle House, McDonald’s, KFC and Hardees. Just off this growing retail corridor is a Walmart Supercenter, Dollar General Goodwill Retail Store, Winn-Dixie and Beals Outlet. Approximately an hour south of Florida’s state capital, Tallahassee, Perry’s diverse economy has attracted major employers like Georgia Pacific, Thule North America, and Johnson & Johnson, Inc. Other major economic drivers are the Doctor’s Memorial Hospital and Buckeye Florida/Buckeye Technologies, which together employee approximately 1,700 people.