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| Price $1,758,000 | Built/Renov 2024 | Tenant Popeyes (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,400
| Lease Start
08-15-2024
| #Units
270
|
| Price/SF $732.50 | Expiration
08-31-2044
| Tenant Type Fast Food/QSR |
| NOI $83,500 | R. Term 19.9 | Ownership Ground Lease |
| Rent/SF
$34.79
| Increases 10.0%/5/yrs | Pop 5Mi 46,432 |
| Lot/AC 0.96 | Options 4/5yrs/10% | AHHI 5Mi $137,941 |
| | |
Popeyes strategically located on TX-29, with access to 23,618 vehicles passing by daily. The property enjoys a prime retail position adjacent to Liberty Hill Middle School and Louine Noble Elementary School, as well as neighboring a recently developed Starbucks and a planned Popeye’s. The immediate area is surrounded by well-known national tenants, including Tractor Supply Company, Dollar...
...New construction
Build to suit
Dense retail corridor
Near major nationals
Highway location
Strong tenant synergy
Affluent AHHI $100K 5 Mi
Income tax free state
Absolute NNN
Top franchise operator
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 | |
| 2028 Total Population : | 5,199 | 20,470 | 62,000 |
| 2023 Total Population : | 4,646 | 17,081 | 46,294 |
| 2023 Employed Civilian Pop : | 2,303 | 8,681 | 23,664 |
| 2023 Total Businesses : | 132 | 423 | 619 |
| 2023 Average Household Income : | $ 115,589 | $ 134,051 | $ 137,998 |
| 2023 Total Consumer Spending : | $ 159 M | $ 634 M | $ 1794 M |
| 2023 Median Age : | 36 | 37 | 38 |
| 2023 Total Households : | 1,620 | 5,549 | 15,231 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,067 | 3,682 | 10,283 |
| 2023 Average Home Value : | $ 442,068 | $ 464,081 | $ 467,789 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Main Street | Hwy 29 | 2019 | 3,421 | 0.56 mi |
| State Hwy 29 | Loop 332 | 2005 | 14,000 | 0.58 mi |
| Ranch Road 1869 | Vineyard Rd | 2022 | 4,641 | 0.67 mi |
| Ranch Road 1869 | Hwy 29 | 2022 | 6,857 | 0.80 mi |
| Bar P Ranch Rd | Liberty Meadows Dr | 2005 | 10 | 0.89 mi |
| Loop 332 | Bell St | 2000 | 1,800 | 0.93 mi |
| Co Rd 213 | Hwy 29 | 2011 | 401 | 0.95 mi |
| Hwy 1869 | Snyders Trl | 2013 | 4,940 | 1.04 mi |
| County Road 279 | 2015 | 2,753 | 1.10 mi | |
| Co Rd 279 | Co Rd 278 | 2010 | 2,430 | 1.10 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
