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Popeyes - Absolute Net (NNN) - Ellenton FL 3707 US Highway 301 N 2,265 SF Retail Building Ellenton, FL 34222 $2,796,421 ($1,234.62/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute NNN Lease – Zero Landlord Responsibilities; Fully Passive Investment
- Strong Growth Market - Approximately 10,000 New Homes Under Construction
- Operated By Sailormen Inc – 130 Unit Popeyes Franchisee
- 34,000+ Vehicles Per Day – High Visibility And Consistent Traffic Exposure
EXECUTIVE SUMMARY
The 2,265-square-foot building, constructed in 2019, represents Popeyes’ modern prototype and has been operated successfully by Sailormen since opening. The absolute NNN lease provides long-term passive income backed by a seasoned multi-unit operator with decades of experience and a strong presence across multiple states. The combination of new construction, a highly recognizable national brand, and fully passive lease structure positions the asset as a stable and durable investment.
Situated along a rapidly developing corridor, the property benefits from strong visibility, convenient access, and proximity to expanding residential communities and commercial demand drivers. The surrounding market continues to grow with new housing under development, increasing the consumer base and reinforcing long-term stability for this high-performing
Popeyes location.
PROPERTY FACTS
AMENITIES
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9586-1060-9 | Improvements Assessment | $445,724 |
| Land Assessment | $407,593 | Total Assessment | $853,317 |
PROPERTY TAXES
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Popeyes - Absolute Net (NNN) - Ellenton FL | 3707 US Highway 301 N
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