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1515 E Union St 2,904 SF Retail Building Vienna, GA 31092 $1,979,530 CAD ($681.66 CAD/SF) 7.58% Cap Rate
Investment Highlights
- Highway interchange location directly serving Interstate 75 with over 48,000 VPD.
- 5+ years remaining on a double-net lease with fee-simple ownership and predictable rent structure.
- Immediate access to major travel routes and dense retail nodes, supporting consumer flow.
- Tenancy by Popeyes, the largest U.S. quick-service chicken concept with global recognition.
- Attractive rent escalations of 10% occurring every five years.
- Large parcel with ample parking and efficient drive-thru configuration for high throughput.
Executive Summary
This offering presents a strong passive investment opportunity with a single-tenant Popeyes located along Interstate 75 in Vienna, GA. The property operates under a double-net lease with fee-simple interest, providing limited landlord responsibilities and predictable cash flow. The tenant, an experienced multi-brand operator, is a guarantor holding the largest Popeyes franchisee position, reinforcing long-term stability. The location benefits from exceptional highway visibility and access with over 48,000 vehicles per day and serves as a critical stop for regional travelers on the route from Michigan to Florida.
The surrounding area features prominent national retailers, fuel stations, and hospitality operators, allowing significant synergy and steady consumer traffic flow. Investors gain security through a well-established Popeyes brand supported globally by Restaurant Brands International, ensuring sustained consumer demand and strong operational performance. Lease terms include rental escalations of 10% every five years with multiple renewal options, extending income potential for years ahead.
The surrounding area features prominent national retailers, fuel stations, and hospitality operators, allowing significant synergy and steady consumer traffic flow. Investors gain security through a well-established Popeyes brand supported globally by Restaurant Brands International, ensuring sustained consumer demand and strong operational performance. Lease terms include rental escalations of 10% every five years with multiple renewal options, extending income potential for years ahead.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,904 SF
Building Class
C
Year Built
1989
Price
$1,979,530 CAD
Price Per SF
$681.66 CAD
Cap Rate
7.58%
NOI
$150,048 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
63 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 63A000009 | Improvements Assessment | $148,422 CAD |
| Land Assessment | $59,013 CAD | Total Assessment | $207,434 CAD |
Property Taxes
Parcel Number
63A000009
Land Assessment
$59,013 CAD
Improvements Assessment
$148,422 CAD
Total Assessment
$207,434 CAD
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1515 E Union St
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