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POPEYES – CENTER POINT, AL 1845 Center Point Pky 2,446 SF Retail Building Center Point, AL 35215 $3,605,274 CAD ($1,473.95 CAD/SF) 6% Cap Rate
Investment Highlights
- Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew!
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026)
- TRAFFIC COUNTS: Situated on a signalized corner on a ±0.71-acre lot with excellent drive-by visibility/ access on Center Point Pkwy
- TENANT | GUARANTOR: Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama
- STRONG SALES PERFORMANCE: Successfully open & operating since 2013 with an attractive 7.54% Rent to Sales Ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 91,372 | Average Household Income (1MI): $84,346
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,446 SF
Building Class
C
Year Built
2013
Price
$3,605,274 CAD
Price Per SF
$1,473.95 CAD
Cap Rate
6%
NOI
$216,344 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.65 AC
Zoning
C
Amenities
- Restaurant
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Popeyes
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Popeyes | Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 12-00-18-3-008-012.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $205,517 CAD |
Property Taxes
Parcel Number
12-00-18-3-008-012.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$205,517 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Map
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POPEYES – CENTER POINT, AL | 1845 Center Point Pky
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