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Popeyes - Savannah, GA 2514 Bull St 1,416 SF Retail Building Savannah, GA 31401 $1,752,000 ($1,237.29/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Operated by Sailormen, Inc., one of the largest & most established Popeyes franchisees in the U.S, providing stability & proven operational expertise.
- With 15.5 years remaining on the Absolute Triple Net (NNN) Ground Lease, investors benefit from a secure and predictable income stream well into 2041.
- Dense trade area with 128,448 residents within a 5-mile radius, driving strong customer traffic and sales performance.
- High barriers to entry make Savannah a difficult market for new QSR tenants, strengthening long-term tenant commitment and real estate fundamentals.
- The lease structure includes annual CPI-U rent increases, ensuring income growth is aligned with inflation.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 1,416 SF Popeyes located at 2514 Bull Street, Savannah, GA. This Popeyes location offers investors a secure 15.5-year Absolute Triple Net (NNN) Ground Lease providing long-term stability. Additionally, the lease structure features annual CPI-U rent increases, ensuring consistent income growth aligned with inflation. With a strong national tenant and favorable lease terms, this property offers an excellent investment opportunity with both immediate cash flow and future value appreciation.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,416 SF
Building Class
C
Year Built/Renovated
1970/1997
Price
$1,752,000
Price Per SF
$1,237.29
Cap Rate
5.15%
NOI
$90,228
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.26 AC
Parking
12 Spaces (8.47 Spaces per 1,000 SF Leased)
Frontage
57’ on Bull St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Popeyes
- Accommodation and Food Services
- 1,416 SF
- $63.72
- Feb 2041
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Popeyes | Accommodation and Food Services | 1,416 SF | $63.72 | Feb 2041 |
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2007408009 | Improvements Assessment | $47,400 |
| Land Assessment | $112,520 | Total Assessment | $159,920 |
PROPERTY TAXES
Parcel Number
2007408009
Land Assessment
$112,520
Improvements Assessment
$47,400
Total Assessment
$159,920
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Popeyes - Savannah, GA | 2514 Bull St
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