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Popeyes Chicken & Biscuits 3120 NE Martin Luther King Blvd 1,742 SF Retail Building Portland, OR 97212 $2,161,717 CAD ($1,240.94 CAD/SF) 5.91% Cap Rate

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EXECUTIVE SUMMARY

Fee simple, freestanding quick-service restaurant constructed in 1980 and renovated in 2019. The 1,742 SF building offers a functional layout with a single drive-through lane that supports strong daily traffic and consistent customer volume. The asset is in strong overall condition and is operated by an established Popeyes franchisee, providing stable tenancy and reliable performance.
Positioned along a high-visibility commercial corridor, the property benefits from steady traffic, strong surrounding retail, and proximity to national brands that drive consistent customer activity. The corridor continues to experience healthy growth, supported by favorable demographics, convenient access, and a location that reinforces long-term tenant success and investor stability.

Investment Property - Popeyes Brochure (2)

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Fast Food

Building Size

1,742 SF

Building Class

Year Built

1980

Price

$2,161,717 CAD

Price Per SF

$1,240.94 CAD

Cap Rate

5.91%

NOI

$127,704 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.14

Lot Size

0.28 AC

Zoning

Parking

20 Spaces (11.48 Spaces per 1,000 SF Leased)

Frontage

86’ on Martin Luther King Jr Blv

Bus Line

Pylon Sign

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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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.