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| Price $3,830,000 | Built/Renov 2005 | Tenant Popeyes (GL) |
| Cap Rate 4.70% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,224
| Lease Start
07-17-2023
| #Units
30
|
| Price/SF $1,722.12 | Expiration
07-31-2038
| Tenant Type Fast Food/QSR |
| NOI $180,000 | R. Term 13.8 | Ownership Ground Lease |
| Rent/SF
$80.94
| Increases 7.5%/5/yrs | Pop 5Mi 368,429 |
| Lot/AC 0.81 | Options 2/5yrs/7.5% | AHHI 5Mi $87,393 |
| | |
Popeyes is strategically located at the signalized, hard corner intersection of West Baseline Road and Ayala Drive, with access to 34,000 vehicles passing by daily. The property is conveniently located 1 mile south of the 210 Freeway, which sees 154,000 VPD. According to Placer.ai, it ranks among the top 30% of all Popeyes locations in California based on consumer traffic. Nearby, well-known...
...Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
25+ unit franchisee backed
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 15,164 | 155,186 | 389,987 |
| 2024 Total Population : | 14,979 | 154,331 | 385,706 |
| 2024 Employed Civilian Pop : | 6,846 | 67,532 | 170,005 |
| 2024 Total Businesses : | 258 | 3,081 | 7,108 |
| 2024 Average Household Income : | $ 114,372 | $ 101,263 | $ 104,547 |
| 2024 Total Consumer Spending : | $ 367 M | $ 3622 M | $ 9231 M |
| 2024 Median Age : | 35 | 34 | 33 |
| 2024 Total Households : | 3,715 | 40,922 | 101,094 |
| 2024 Pop Age 25+: Bachelor's Degree : | 954 | 10,741 | 29,681 |
| 2024 Average Home Value : | $ 537,586 | $ 522,026 | $ 521,708 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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