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POPEYES – TUSCALOOSA, AL 3712 McFarland Blvd E 2,493 SF Retail Building Tuscaloosa, AL 35405 $2,667,000 ($1,069.80/SF) 6% Cap Rate
Investment Highlights
- Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew!
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026)
- TRAFFIC COUNTS: Well-positioned just off the hard corner in dominant retail corridor on a ±0.574- acre lot with exceptional visibility/access
- TENANT | GUARANTOR: The Tenant is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama.
- STRONG SALES PERFORMANCE: Successfully open & operating since 2007 with an attractive 7.55% Rent to Sales Ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 131,105 | Average Household Income (1MI): $77,875
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,493 SF
Building Class
C
Year Built
2007
Price
$2,667,000
Price Per SF
$1,069.80
Cap Rate
6%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 30-09-31-3-002-005.000 | Improvements Assessment | $135,480 |
| Land Assessment | $26,500 | Total Assessment | $161,980 |
Property Taxes
Parcel Number
30-09-31-3-002-005.000
Land Assessment
$26,500
Improvements Assessment
$135,480
Total Assessment
$161,980
1 of 5
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POPEYES – TUSCALOOSA, AL | 3712 McFarland Blvd E
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