Popeyes

1892 Highway 81, Duncan, OK 73533

$2,080,000

Cap Rate 6.25%

Views: 134 DOM: 225 Updated: 07.09.24 Posted: 03.20.24 Status: Contract

Summary

Price $2,080,000	Built/Renov 2024	Tenant Popeyes
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,236	Lease Start 05-01-2024	#Units 27
Price/SF $930.23	Expiration 04-30-2049	Tenant Type Fast Food/QSR
NOI $130,000	R. Term 24.6	Ownership Fee Simple
Rent/SF $58.14	Increases 7.5%/5/yrs	Pop 5Mi 28,434
Lot/AC 0.51	Options 4/5yrs/7.5%	AHHI 5Mi $53,298

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

Brand-new 2024 construction
Popeyes will be executing a brand-new 25-year lease with 4 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by JHAH Property Holdings (27-units backed)

Location Description

Popeyes is strategically located on US-81, the primary thoroughfare, with access to 23,700 vehicles passing by daily. The property is situated less than one mile from Duncan Regional Hospital, a major employer in Duncan. Moreover, the immediate vicinity is surrounded by well-known national tenants such as Tractor Supply Co, Taco Bell, Ace Hardware, Goodwill, and others. Additionally, the...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Personal guarantee

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Links

Popeyes Wikipedia Popeyes Wikipedia Duncan, Oklahoma Zip Code 73533 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Franchisee
Company:JHAH Property Holdings
# Units:27
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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,898	21,591	24,320
2023 Total Population :	5,877	21,706	24,448
2023 Employed Civilian Pop :	2,739	9,391	10,596
2023 Total Businesses :	266	1,044	1,172
2023 Average Household Income :	$ 87,889	$ 72,539	$ 73,980
2023 Total Consumer Spending :	$ 194 M	$ 572 M	$ 650 M
2023 Median Age :	46	41	42
2023 Total Households :	2,535	9,003	10,011
2023 Pop Age 25+: Bachelor's Degree :	792	2,087	2,372
2023 Average Home Value :	$ 183,913	$ 159,231	$ 166,771

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
US 81	US Hwy 81	2021	22,800	0.04 mi
	Aspen Ave	2018	23,000	0.29 mi
	W Waverly Dr	2021	1,500	0.45 mi
West Elk Avenue	N 17th St	2021	9,700	0.46 mi
Country Club Road	Northridge Dr	2021	3,800	0.47 mi
	W Plato Rd	2018	20,600	0.51 mi
	Larch Ave	2018	21,100	0.51 mi
US 81	US Hwy 81	2021	24,400	0.58 mi
	Woodcrest Dr	2021	4,100	0.66 mi
Plato Road	Stagestand Rd	2018	4,100	0.70 mi

Listing Broker

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