Popeyes

8350 Senoia Road, Fairburn, GA 30213

$3,000,000

Cap Rate 6.00%

Views: 138 DOM: 103 Updated: 10.14.24 Posted: 08.22.24 Status: Active

Summary

Price $3,000,000	Built/Renov 2023	Tenant Popeyes
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,200	Lease Start 12-01-2024	#Units 5
Price/SF $1,363.64	Expiration 12-31-2039	Tenant Type Fast Food/QSR
NOI $180,000	R. Term 15.1	Ownership Fee Simple
Rent/SF $81.82	Increases 7.5%/5/yrs	Pop 5Mi 74,232
Lot/AC 1.00	Options 2/5yrs/7.5%	AHHI 5Mi $86,022

Chase Murphy

Skyline Seven Real Estate

Contact

Lease Highlights

New construction completed in 2023
Brand new 15-year sale-leaseback with 2 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Strong franchisee | Operates Popeye’s, Tim Hortons, Checkers & Moe’s

Location Description

Popeyes is strategically located on Senoia Road, a main retail artery with access to 41,174 vehicles passing by daily. The immediate area features well-known national tenants, including IHOP, Starbucks, Taco Bell, Bojangles, Wells Fargo, and more. Key educational institutions near the site include Campbell Elementary School within 1 mile, Renaissance Middle School 2 miles away, and Creekside...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent suburb location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Popeyes Wikipedia Popeyes Wikipedia Fairburn, Georgia Zip Code 30213 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Franchisee
Company:Franchisee
# Units:5
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

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