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Popeyes | 17.5yr Abs NNN | 63-unit Operator 5478 Highway 280 2,580 SF Retail Building Harpersville, AL 35078 $1,244,000 ($482.17/SF) 6.75% Cap Rate

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Investment Highlights

17.5+ Years Remaining | 10% Rental Increases Every 5 Years | Established Brand & Operator
Near Signalized, Hard Corner Intersection | Nearby School | National/Credit Tenant Presence

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Popeyes investment property located in Harpersville, Alabama. The tenant, AIM QSR, LLC, has 17.5+ years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Popeyes is a subsidiary of Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with more than $40 billion in annual system-wide sales and over 30,000 restaurants in more than 100 countries.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,580 SF

Building Class

Year Built

2020

Price

$1,244,000

Price Per SF

$482.17

Cap Rate

6.75%

NOI

$84,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

1.02 AC

Zoning

B-1

Parking

41 Spaces (15.89 Spaces per 1,000 SF Leased)

Frontage

150’ on U.S. 280

Dedicated Turn Lane
Freeway Visibility

Pylon Sign
Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
$9.99
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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.