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Popeyes Louisiana Kitchen, Ellenwood, GA

Popeyes Louisiana Kitchen

Ellenwood, GA

Price $2,092,000
Cap Rate 6.00%
NOI $125,500
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases in Year 11 and Every Five (5) Years Thereafter
Year Built 2018
Building Size 2,695 SF
Lot Size 1.18 Acres (52,306 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Operated by 100+ unit operator
» New 15-year NNN lease with no landlord responsibilities
» 10% rental increases in Year 11 and every five years thereafter, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN PROMINENT RETAIL CENTER
» Conveniently located on Anvil Block Road, with excellent visibility and access to 13,850 vehicles per day directly in front of the property
» Immediate access to Interstate 675 (78,200 AADT)
» Outparcel to Ellenwood Town Center, a prominent retail development that is anchored by Walmart and tenanted by Hibbett Sports, Dollar Tree, Cato, Workout Anytime, Wendy’s, Hardee’s, Waffle House, and more

STRONG ATLANTA MSA LOCATION WITH LARGE CUSTOMER BASE
» Adjacent to a large industrial region that is home to major employers, including Kroger (579 employees) and FedEx Ground (800 employees)
» Minutes from several colleges, including Georgia State University – Perimeter College (26,996 students) and Clayton State University (6,642 students)
» Close to Hartsfield-Jackson International Airport, the world’s busiest airport
» Large population of 142,555 residents within a five-mile radius, providing a strong customer base

NEW 2018 CONSTRUCTION
» Features latest Popeyes prototype and store concepts
» Includes dedicated drive-thru, providing additional convenience to customers and increasing sales revenue

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located on Anvil Block Road, with excellent visibility and access to 13,850 vehicles per day directly in front of the property. Anvil Block Road provides immediate access to Interstate 675, one of the region’s major highways, with a high traffic volume of 78,200 vehicles per day near the property. The property is outparcel to Ellenwood Town Center, a prominent retail development that is
anchored by Walmart. Other notable tenants within the shopping center include Hibbett Sports, Dollar Tree, Cato, Workout Anytime, Wendy’s, Hardee’s, Waffle House, and more. Ellenwood Town Center also includes a number of pad spaces for future retail development.

The property is adjacent to a large industrial region that is home to major employers, including Kroger (579 employees) and FedEx Ground (800 employees). The property is also just minutes from Hartsfield-Jackson International Airport, which has been the world’s busiest airport for 20 consecutive years and serves over 104 million passengers annually. Additionally, the property is supported by strong demographics, with 142,555 residents living within a five-mile radius, providing a large customer base.

Contact Us About This Property

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