Popeyes

2180 Randall Road, Carpentersville, IL 60110

$2,345,000

Cap Rate 6.00%

Views: 39 DOM: 21 Updated: 11.18.24 Posted: 10.31.24 Status: Active

Summary

Price $2,345,000	Built/Renov 2006	Tenant Popeyes
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,528	Lease Start 02-01-2008	#Units 219
Price/SF $927.61	Expiration 01-31-2028	Tenant Type Fast Food/QSR
NOI $140,709	R. Term 3.2	Ownership Fee Simple
Rent/SF $55.66	Increases 1.0%/1/yrs	Pop 5Mi 130,533
Lot/AC 0.99	Options 2/5yrs/1%	AHHI 5Mi $131,132

Lease Highlights

The tenant has over 3 years of firm term remaining with 2 (5-year) options to extend
The lease features 1% annual rental increases throughout the initial term and options
Absolute NNN lease | Zero landlord responsibilities
The lease is guaranteed by Dhanani Group, an established operator with over 500 operating restaurants
Dhanani Group is currently the world’s largest QSR franchisee for Popeyes

Location Description

Popeyes is strategically located on Randall Road, with access to 41,800 vehicles passing by daily. This prime location provides easy access to Interstate 90 and several state highways, making it a highly accessible destination for both local residents and regional customers. The property is ideally positioned as an outparcel to Woodman’s Food Market and is adjacent to a Menards-anchored...

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Key Features

Shopping Ctr out-parcel
Strategically located
Strong tenant synergy
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Absolute NNN
Annual rent increases
100+ unit franchisee backed

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Links

Popeyes Wikipedia Popeyes Wikipedia Carpentersville, Illinois Zip Code 60110 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Franchisee
Company:Dhanani Group
# Units:219
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...

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Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
42157 Views
137 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
46256 Views
165 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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