New Development Popeye's 312 E Fairmount Ave 2,353 SF Retail Building Lakewood, NY 14750 $1,333,333 ($566.65/SF) 6% Cap Rate

Brand-New 20-Year Absolute NNN Ground Lease – Newly executed 20-year ground lease with Popeyes Louisiana Kitchen, providing stable, long-term cash flow through May 2046. Tenant is responsible for all taxes, insurance, maintenance, and operating expenses, resulting in zero landlord responsibilities.
Long-Term Income Growth with Scheduled Rent Increases – Lease features attractive 10% rental increases every five years throughout the initial term and each of the six 5-year renewal options, creating built-in NOI growth and an inflation hedge.
Experienced Multi-Unit Franchise Operator – Operated by Liberty Restaurants Holdings, an established Popeyes franchisee with more than 55 restaurant locations, providing operational experience and regional market expertise.
New 2026 Construction – Newly developed 2,353 SF freestanding restaurant situated on approximately 1 acre.
Premier Regional Retail Location – Strategically positioned along Fairmount Avenue, the dominant retail corridor serving Lakewood and Jamestown, adjacent to Chautauqua Mall and surrounded by national retailers including Walmart, Target, Chipotle, Olive Garden, Applebee's, Aldi, Home Depot, TJ Maxx, Michaels, and more.