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Popeyes, Dallas, GA

Popeyes

Dallas, GA

Price $2,650,000
Cap Rate 4.85%
NOI $128,500
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 Every Five (5) Years
Year Built 2021
Building Size 2,020 SF
Lot Size 0.555 Acres (24,168 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

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

Investment Highlights

NEW 15-YEAR ABSOLUTE NNN LEASE TO MAJOR FRANCHISEE
» 10% rental increases every five years, providing a hedge against inflation
» Absolute NNN lease requires no landlord management, ideal for an out of area investor
» Long-term lease to strong and expanding operator (250+ restaurants)
» Popeyes is the world’s second largest quick-service chicken concept, with 3,000 units
» New 2021 construction featuring drive-thru for added customer convenience

POPEYES U.S. SAME-STORE SALES CLIMBED 29.2% DURING THE FIRST THREE MONTHS OF 2020, OUTPACING ALL COMPETITORS
» Popeyes’ new chicken sandwich has provided a historic sales boost – visits are 114.8% above the company’s baseline since the chicken sandwich launched
» Popeyes’ new chicken sandwich has helped push $400,000 in added sales, per restaurant, across Popeyes’ entire mature base
» Popeyes is proving to be COVID-proof and a pioneer in the fast food industry with its delivery program
» Popeyes has ramped up delivery significantly in the U.S. resulting in $250MM in additional revenue

HIGH TRAFFIC LOCATION IN AN AFFLUENT AND DENSELY POPULATED GEORGIA SUBURB
» Located just across from a Kroger anchored shopping center with many national retailers in the surrounding area including Advance Auto Parts, AutoZone, Dunkin’, McDonald’s, Taco Bell, Wendy’s and many others
» 87,324 Residents within five miles of the property and population growth projected to exceed 10% over the next 5 years
» 31,320 AADT directly at the intersection of Dallas Acworth Highway and Cedar Crest Road
» Average Household Income of $122,047 Within a Five-Mile Radius



Property Description

The property is strategically located just off the high traffic intersection of Dallas Acworth Highway and Cedar Crest Road with 31,320 vehicles per day at the intersection. The surrounding area is affluent and densely populated with over 87,000 residents and an average household income over $122,000 within a five-mile radius of the property. The surrounding area is poised for strong growth with both the population and average household income projected to grow by more than 10% over the next five years.

The subject property is located across from a Kroger anchored shopping center with many other major national retailers in the surrounding area including Mavis Tire, Advance Auto Parts, AutoZone, Dollar Tree, McDonald’s, Taco Bell and many others. The property additionally benefits from being a part of the Atlanta Metropolitan Statistical Area, the 9th largest MSA in the United States and also one of the fastest growing.

Contact Us About This Property

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