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POPEYES – DAPHNE, AL 1511 Us Highway 98 2,250 SF Retail Building Daphne, AL 36526 $3,537,961 CAD ($1,572.43 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
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,250 SF
Building Class
C
Year Built
2013
Price
$3,537,961 CAD
Price Per SF
$1,572.43 CAD
Cap Rate
6%
NOI
$212,305 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Zoning
C - General Commercial
Frontage
33’ on US 98
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 43-04-20-2-000-064.002 | Improvements Assessment | $204,610 CAD |
| Land Assessment | $133,968 CAD | Total Assessment | $338,578 CAD |
Property Taxes
Parcel Number
43-04-20-2-000-064.002
Land Assessment
$133,968 CAD
Improvements Assessment
$204,610 CAD
Total Assessment
$338,578 CAD
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POPEYES – DAPHNE, AL | 1511 Us Highway 98
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