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Popeyes - Absolute Net (NNN) - Ellenton FL 3707 US Highway 301 N 2,265 SF Retail Building Ellenton, FL 34222 $2,656,650 ($1,172.91/SF) 6% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment
- Strong Growth Market - Approximately 10,000 New Homes Under Construction
- Operated By Sailormen Inc – 130 Unit Popeyes Franchisee
- 34,000+ Vehicles Per Day – High Visibility And Consistent Traffic Exposure
Executive Summary
We are pleased to present the opportunity to acquire a freestanding Popeyes Louisiana Kitchen operated by Sailormen, Inc., one of the largest and most established Popeyes franchisees in the system. The property is situated on a 0.96-acre fee simple parcel with 165 feet of frontage along U.S. Highway 301, a major north–south thoroughfare carrying 34,000 vehicles per day.
The 2,265-square-foot building, constructed in 2019, represents Popeyes’ modern prototype and has been operated successfully by Sailormen since opening. The absolute NNN lease provides long-term passive income backed by a seasoned multi-unit operator with decades of experience and a strong presence across multiple states. The combination of new construction, a highly recognizable national brand, and fully passive lease structure positions the asset as a stable and durable investment.
Situated along a rapidly developing corridor, the property benefits from strong visibility, convenient access, and proximity to expanding residential communities and commercial demand drivers. The surrounding market continues to grow with new housing under development, increasing the consumer base and reinforcing long-term stability for this high-performing
Popeyes location.
The 2,265-square-foot building, constructed in 2019, represents Popeyes’ modern prototype and has been operated successfully by Sailormen since opening. The absolute NNN lease provides long-term passive income backed by a seasoned multi-unit operator with decades of experience and a strong presence across multiple states. The combination of new construction, a highly recognizable national brand, and fully passive lease structure positions the asset as a stable and durable investment.
Situated along a rapidly developing corridor, the property benefits from strong visibility, convenient access, and proximity to expanding residential communities and commercial demand drivers. The surrounding market continues to grow with new housing under development, increasing the consumer base and reinforcing long-term stability for this high-performing
Popeyes location.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,265 SF
Year Built
2019
Price
$2,656,650
Price Per SF
$1,172.91
Cap Rate
6%
NOI
$159,399
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
GC - General Comercial
Parking
25 Spaces (12.8 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Popeyes is a global quick-service restaurant brand focused on Louisiana-style fried chicken and related menu offerings. The company was founded in 1972 in the New Orleans suburb of Arabi, Louisiana, by entrepreneur Alvin C. Copeland Sr. Originally operating as “Chicken on the Run,” the concept was rebranded as Popeyes after introducing a spicier Cajun-influenced recipe that differentiated it from national competitors. Popeyes expanded through franchising beginning in the mid-1970s and established itself as a leading chicken-focused quick-service brand in the United States before expanding internationally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 9586-1060-9 | Improvements Assessment | $445,724 |
| Land Assessment | $407,593 | Total Assessment | $853,317 |
Property Taxes
Parcel Number
9586-1060-9
Land Assessment
$407,593
Improvements Assessment
$445,724
Total Assessment
$853,317
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Popeyes - Absolute Net (NNN) - Ellenton FL | 3707 US Highway 301 N
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