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POPEYES - TUSCALOOSA, AL 3712 McFarland Blvd E 1,056 SF Retail Building Tuscaloosa, AL 35405 $2,667,000 ($2,525.57/SF) 6% Cap Rate
Investment Highlights
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations
- 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
- 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
Fee Simple (Building & Land)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,056 SF
Building Class
C
Year Built
2007
Price
$2,667,000
Price Per SF
$2,525.57
Cap Rate
6%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C
Amenities
- Pylon Sign
- Restaurant
- Signage
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
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POPEYES - TUSCALOOSA, AL | 3712 McFarland Blvd E