Your email has been sent.
POPEYES – DAPHNE, AL 1511 Us Highway 98 2,250 SF Retail Building Daphne, AL 36526 $3,523,522 CAD ($1,566.01 CAD/SF) 6% Cap Rate
Investment Highlights
- BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations
- The lease is further guaranteed by Ram-Z Restaurant Group includes 42 Freddy’s restaurants (including those currently under construction)
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 43,092 | Average Household Income (1MI): $128,942
- TENANT | GUARANTORS: Ram-Z Roost is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama.
- TRAFFIC COUNTS: Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98
- STRONG SALES PERFORMANCE: Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Popeyes is a global quick-service restaurant brand focused on Louisiana-style fried chicken and related menu offerings. The company was founded in 1972 in the New Orleans suburb of Arabi, Louisiana, by entrepreneur Alvin C. Copeland Sr. Originally operating as “Chicken on the Run,” the concept was rebranded as Popeyes after introducing a spicier Cajun-influenced recipe that differentiated it from national competitors. Popeyes expanded through franchising beginning in the mid-1970s and established itself as a leading chicken-focused quick-service brand in the United States before expanding internationally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-04-20-2-000-064.002 | Improvements Assessment | $201,608 CAD |
| Land Assessment | $132,003 CAD | Total Assessment | $333,611 CAD |
Property Taxes
Presented by
POPEYES – DAPHNE, AL | 1511 Us Highway 98
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.