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Popeyes Drive-Thru | Long -Term NNN Lease 1117 W Imperial Ave 2,348 SF Retail Building Calexico, CA 92231 $4,280,145 CAD ($1,822.89 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Prime Imperial Avenue Location | High-Traffic SR-111 Corridor
- Experienced Multi-Unit Franchisee | Strong Operational Backing
- High-Growth Regional Market With Significant Economic Drivers
- Long-Term NNN Lease | Passive Income With Built-In Growth
- Global QSR Brand Strength | High-Demand Chicken Segment
Executive Summary
Marcus & Millichap is pleased to present a freestanding Popeyes Louisiana Kitchen drive-thru located along Imperial Avenue (State Route 111), one of Calexico’s most heavily trafficked commercial corridors and a primary north–south artery connecting the U.S.–Mexico border to the broader Imperial Valley. The property benefits from exceptional visibility, strong commuter flow, and proximity to major cross-border economic drivers, including the Calexico East Port of Entry, one of California’s busiest commercial border crossings. This strategic positioning supports consistent daily traffic from local residents, regional employees, and international visitors.
The asset is secured by a long-term NNN lease with approximately 15 years of firm term remaining, offering predictable, passive income with minimal landlord responsibilities. Scheduled 10% rent increases every five years provide built-in income growth and long-term inflation protection. The lease is guaranteed by an experienced multi-unit Popeyes franchisee, adding operational strength and credit stability.
Calexico serves as a key commercial hub for the Imperial Valley and the Mexicali metropolitan region, supported by cross-border commerce, logistics, education, healthcare, and government employment. The surrounding trade area includes major national retailers, grocery anchors, and service businesses, reinforcing the corridor as a dominant retail destination. Ongoing regional investment—including border modernization, retail redevelopment, new school construction, and community recreation projects—continues to strengthen long-term demand and population growth.
This offering presents a rare opportunity to acquire a high-performing, drive-thru QSR asset backed by a strong franchise operator, positioned in a high-traffic, cross-border trade area with durable fundamentals and long-term income security.
The asset is secured by a long-term NNN lease with approximately 15 years of firm term remaining, offering predictable, passive income with minimal landlord responsibilities. Scheduled 10% rent increases every five years provide built-in income growth and long-term inflation protection. The lease is guaranteed by an experienced multi-unit Popeyes franchisee, adding operational strength and credit stability.
Calexico serves as a key commercial hub for the Imperial Valley and the Mexicali metropolitan region, supported by cross-border commerce, logistics, education, healthcare, and government employment. The surrounding trade area includes major national retailers, grocery anchors, and service businesses, reinforcing the corridor as a dominant retail destination. Ongoing regional investment—including border modernization, retail redevelopment, new school construction, and community recreation projects—continues to strengthen long-term demand and population growth.
This offering presents a rare opportunity to acquire a high-performing, drive-thru QSR asset backed by a strong franchise operator, positioned in a high-traffic, cross-border trade area with durable fundamentals and long-term income security.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,348 SF
Building Class
B
Year Built
2022
Price
$4,280,145 CAD
Price Per SF
$1,822.89 CAD
Cap Rate
5.50%
NOI
$235,408 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Amenities
- 24 Hour Access
- Restaurant
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 058-120-031-000 | Improvements Assessment | $2,407,920 CAD |
| Land Assessment | $1,317,593 CAD | Total Assessment | $3,725,513 CAD |
Property Taxes
Parcel Number
058-120-031-000
Land Assessment
$1,317,593 CAD
Improvements Assessment
$2,407,920 CAD
Total Assessment
$3,725,513 CAD
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Popeyes Drive-Thru | Long -Term NNN Lease | 1117 W Imperial Ave
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