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POPEYES – PELHAM, AL 3300 Pelham Pky 2,256 SF Retail Building Pelham, AL 35124 $2,673,199 CAD ($1,184.93 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 with four 5-
- The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026)
- TRAFFIC COUNTS: Exceptional visibility/access on AL-119/US-31/Pelham Pkwy (main North/South thoroughfare in Pelham) with traffic counts of 29,899 CPD
- TENANT | GUARANTORS: Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama.
- STRONG SALES PERFORMANCE: Successfully open & operating for decades with an attractive 7.55% Rent to Sales Ratio!
- 2025 DEMOGRAPHICS: Total Population (5MI): 71,589 | Average Household Income (1MI): $141,948
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,256 SF
Building Class
C
Year Built
2001
Price
$2,673,199 CAD
Price Per SF
$1,184.93 CAD
Cap Rate
6%
NOI
$160,364 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.59 AC
Zoning
C
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Feb 2046
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Feb 2046 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-6-24-3-002-001-007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $235,331 CAD |
Property Taxes
Parcel Number
13-6-24-3-002-001-007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$235,331 CAD
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POPEYES – PELHAM, AL | 3300 Pelham Pky
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