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Popeyes - Leesburg, VA 520 Compass Point Plz SE 2,500 SF Retail Building Leesburg, VA 20175 $2,185,000 ($874/SF) 5.95% Cap Rate
Investment Highlights
- LARGEST EAST COAST POPEYES FRANCHISEE | $225M+ REVENUE PLATFORM
- EXCEPTIONAL DEMOGRAPHICS & AFFLUENT TRADE AREA
- STRATEGIC PROXIMITY TO MAJOR METRO MARKETS
- NNN GROUND LEASE - ZERO LANDLORD OBLIGATIONS
- HIGH-VISIBILITY LOCATION WITH STRONG TRAFFIC COUNTS
- RAPIDLY GROWING SUBMARKET WITH STRONG DEMAND DRIVERS
Executive Summary
Atlantic Capital Partners is pleased to exclusively present an absolute NNN ground lease investment opportunity, a Popeyes Louisiana Kitchen located at Compass Point Plaza within the Compass Creek mixed-use development in Leesburg, Virginia. This 2,500 square foot building situated on 0.73 acres offers investors a fully passive, zero-landlord obligation income stream, corporately guaranteed by one of the most recognizable brands in the global QSR industry. The Popeyes is franchised by the second largest Popeyes
franchisee in the United States, providing institutional-grade credit behind a 20-year ground lease with 16 years of remaining term and fixed 10% rent bumps every five years, growing NOI from $130,000 to over $209,000 across the full lease duration. With two additional 5-year renewal options extending the potential term through 2052, this asset offers exceptional hold period flexibility and income visibility from day one. The site sits within Compass Creek, Leesburg’s dominant retail destination, at the intersection of three arterials generating over 100,000 combined daily vehicle trips. Loudoun County is the wealthiest county in America, with average household incomes exceeding $212,000
within 5 miles and one of the fastest-growing residential populations on the East Coast fueled by Dulles.
franchisee in the United States, providing institutional-grade credit behind a 20-year ground lease with 16 years of remaining term and fixed 10% rent bumps every five years, growing NOI from $130,000 to over $209,000 across the full lease duration. With two additional 5-year renewal options extending the potential term through 2052, this asset offers exceptional hold period flexibility and income visibility from day one. The site sits within Compass Creek, Leesburg’s dominant retail destination, at the intersection of three arterials generating over 100,000 combined daily vehicle trips. Loudoun County is the wealthiest county in America, with average household incomes exceeding $212,000
within 5 miles and one of the fastest-growing residential populations on the East Coast fueled by Dulles.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
2,500 SF
Building Class
B
Year Built
2022
Price
$2,185,000
Price Per SF
$874
Cap Rate
5.95%
NOI
$130,008
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.73 AC
Zoning
LB:B3
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 | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 234-49-9931 | Improvements Assessment | $808,510 |
| Land Assessment | $453,000 | Total Assessment | $1,261,510 |
Property Taxes
Parcel Number
234-49-9931
Land Assessment
$453,000
Improvements Assessment
$808,510
Total Assessment
$1,261,510
Contacts
-
David Hoppe -
Dean Sands -
Chris Peterson -
Eric Suffoletto -
Matt Austin -
Kendra Doherty -
Atlantic Capital Partners
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Popeyes - Leesburg, VA | 520 Compass Point Plz SE
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