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POPEYES – SPANISH FORT, AL 30765 Mill Ln 2,575 SF Retail Building Daphne, AL 36527 $3,605,661 CAD ($1,400.26 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 every 5 years
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction)
- LARGE PARCEL | TRAFFIC COUNTS: Positioned on a large ±1.09-acre lot with outstanding exposure & direct access on AL-181/Mill Ln
- TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama
- DENSE RETAIL CORRIDOR | STRONG SALES PERFORMANCE: Close proximity to Sam’s Club, Lowe’s, Ross, World Market, Best Buy, Michaels, Publix, etc
- VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 41,257 | Average Household Income (1MI): $129,007
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Accommodation and Food Services
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- -
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Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-08-27-0-000-002.238 | Improvements Assessment | $199,330 CAD |
| Land Assessment | $196,483 CAD | Total Assessment | $395,813 CAD |
PROPERTY TAXES
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POPEYES – SPANISH FORT, AL | 30765 Mill Ln
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