540 Riverstone Pkwy
Canton, GA 30114
Popeye's New 15 Year NNN · Retail Property For Sale

Marcus & Millichap is pleased to offer for sale this newly constructed absolute net leased, free standing, Popeyes Chicken restaurant, located at 540 River Stone Parkway, just a short thirty minute drive North of downtown Atlanta and immediately off US Interstate 575 and the River Stone Parkway Exit. The subject property consists of a 2,695 square foot restaurant with drive up window and ample parking on a very large 1.33 acres parcel. Strategically located at the signalized intersection of River Stone Parkway and Canton Mill Drive with combined traffic counts in excess of 20,000, this quick service restaurant benefits from over 55,000 full time residences with an affluent, house hold income exceeding $76,000, annually. Popeyes Chicken will enter into a new fifteen year, absolute net lease with ten percent increases every five years including during the four five-year Option Periods. The Lease is backed by a 65 Unit Operating Company (Purple Square Management Company LLC) which operates restaurants throughout; Florida, Georgia, Alabama and Louisiana. The subject property is situated directly across the street from River Stone Mills Shopping Center, anchored by ALDI and Dollar Tree and is one signalized intersection from River Stone Plaza, a Publix anchored shopping center and includes Belk, Ross, Michaels, Bealls Outlet and Home Depot. There are numerous National and Regional retailers in the immediate area including Starbucks, Wells Fargo, Mc Donalds, Wendys, AMC Theaters, Ingles, Staples, Tires Plus, Sherwin Williams, Hamilton State Bank, Longhorn Steak House, Five Guys, Red Lobster, Regions Bank, Applebees to name a few. Founded in New Orleans in 1972, Popeyes has more than 40 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. The chains passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the worlds largest quick service restaurant chicken concepts with over 2,600 restaurants in the U.S. and around the world.