Popeye's

3707 U.S. 301, Ellenton, FL 34222

$2,889,180

Cap Rate 5.50%

Views: 14 DOM: 14 Updated: 02.28.25 Posted: 02.28.25 Status: Active 03.03.25

Summary

Price $2,889,180	Built/Renov 2019	Tenant Popeye's
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,265	Lease Start 07-08-2019	#Units 4,571
Price/SF $1,279.55	Expiration 07-08-2034	Tenant Type Fast Food/QSR
NOI $158,905	R. Term 9.40	Ownership Fee Simple
Rent/SF $70.16	Increases 10.0%/5/yrs	Pop 5Mi 0
Lot/AC 0.05	Options 0/0yrs	AHHI 5Mi $0

Lease Highlights

One of the Largest and Most Experienced Popeye's Operators in the County, With Over 150 Stores in Florida and Georgia
Located on the Heavily Traveled US-301, on Average, Over 36,000 Vehicles Pass By the Site Each Day
Located in a Tax Free Florida, the Property is Situated Less Than 5 Minutes From I-75 in Ellenton, Which is on the South Side of Tampa Bay in the Sarasota-Bradenton MSA
Well-Established Location That Was Built to the Tenant's Specifications in 2019
Absolute Net Lease With No Landlord Responsibilities Making it an Ideal Management Free, Passive Investment
9+ Years of Term Remaining With 10% Rent Bumps Every 5 Years, Which Offers a Strong Hedge Against Inflation

Location Description

Sands Investment Group is Pleased to Exclusively Offer For Sale This Single Tenant, Absolute Net Leased Popeye's Located at 3707 U.S. Highway 301 N. in Ellenton, Florida. The 2,265 SF Property is Leased By Sailormen, Inc., One of the Largest and Most Experienced Popeye’s Operators in the Country, With Over 150 Units in Florida and Georgia. The Property’s In-Fill Location on the Heavily Traveled...

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Key Features

Oversized lot
Strategically located
Income tax free state
Long 10+ yr lease
Traded and rated company

Links

Popeyes Wikipedia Popeyes Wikipedia Ellenton, Florida Zip Code 34222 Brokers Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Corp T and Rated
Company:Restaurant Brands International, Inc.
# Units:4,571
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

Esperanza Sierra

Sands Investment Group

Contact

2 Listings
45 Views
0 Sold

Andrew Ackerman

Sands Investment Group

Contact

61 Listings
9784 Views
30 Sold

Esperanza Sierra

Sands Investment Group specializes in the buying and selling of investment properties for private institutions and investors nationwide. Our brokers are experts in their product type, from restaurants to retail and everything in between. Our company of distinguished experts in all aspects of investment properties bring a proven track record to the table with over 4,100+ transactions in 48 states and $8.0 Billion in commercial real estate transactions—and counting.

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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Eric Vultaggio

Sands Investment Group

Contact

1 Listings
15 Views
0 Sold

Jack Kellogg

Sands Investment Group

Contact

1 Listings
15 Views
0 Sold

Eric Vultaggio

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Jack Kellogg

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