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Popeyes Louisiana Kitchen, Bainbridge, GA

Popeyes Louisiana Kitchen

Price $2,200,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN, With Tenant Responsible For All Insurance, Taxes, And Maintenance, Including Roof, Structure, And Parking Lot.
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2020
Building Size 2,265 SF
Lot Size 0.92 acres (40,075 SF)
Status Sold
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

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

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» New 20-year absolute NNN lease with Sailormen, Inc. guaranty (100+ units)
» 10% fixed rental increases every five years in initial term and option periods, providing a hedge against inflation

HIGH-TRAFFIC LOCATION WITH EXCELLENT FREEWAY ACCESS
» 14,930 vehicles per day directly in front of the site on U.S. Highway 27, a main thoroughfare connecting Georgia and Florida
» Outparcel to Bainbridge’s only Home Depot
» Immediate access to U.S. Highway 84 (9,850 AADT)
» Walking distance from four hotels (combined 247 rooms)

CLOSE PROXIMITY TO MAJOR EMPLOYERS AND SCHOOLS
» Two miles from Memorial Hospital and Manor (187 beds, 475 employees, $125 million annual total patient revenue)
» Within walking distance of Bainbridge’s only Walmart Supercenter
» Surrounded by Bainbridge Middle School (735 students), Hutto Middle School (730 students), Jones-Wheat Elementary School (515 students), Elcan-King Elementary School (486 students), and John Johnson Elementary School (461 students)

NEW 2020 CONSTRUCTION
» Built to tenant’s exact specifications
» Latest Popeyes prototype
» Features a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue



Property Description

SOLD

The property is located on U.S. Highway 27, a main thoroughfare connecting Georgia and Florida withexcellent access and visibility to 14,930 vehicles per day directly in front of the site. The location also features immediate access to U.S. Highway 84, which experiences a traffic count of 9,850 vehicles per day. The location benefits from being within walking distance of four hotels with a combined 247 rooms, including Days Inn by Wyndham Bainbridge, Holiday Inn Express & Suites Bainbridge, Quality Inn, and Hampton Inn Bainbridge. The site is also outparcel to Bainbridge’s only Home Depot. Visibility is also increased by the site being within walking distance of Bainbridge’s only Walmart Supercenter. Other national brands near the site include Chick-fil-A, Tractor Supply, First Port City Bank, Circle K, O’Reilly Auto Parts, Little Caesars, Zaxby’s, Sonic, and others.

The property benefits from its central location near several large schools and employers. The location is two miles from Bainbridge’s primary health care provider, Memorial Hospital and Manor, which features 187 beds, 475 employees, and generates $125 million in annual total patient revenue. The location is surrounded by several schools, including Bainbridge Middle School (735 students), Hutto Middle School (730 students), Jones-Wheat Elementary School (515 students), Elcan-King Elementary School (486 students), and John Johnson Elementary School (461 students), creating a large customer base for Popeyes. The new 2020 construction will be built to Popeyes latest prototype and will feature a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue.

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