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Investment Opportunity: NN Leased, Franchisee Guaranteed Popeyes with 14 year lease term and 4 (5-year) options.

SRS National Net Lease Group, in conjunction with RealINSIGHT Marketplace, is pleased to offer the opportunity to acquire the fee simple interest in a NN leased, franchisee guaranteed, drive-thru equipped, Popeyes Louisiana Kitchen, investment property located in Vienna, GA. The tenant, HZ Southeast Props, LP, has approximately 14 years remaining on the initial term with 4 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is franchisee guaranteed by HZ Southeast Props, LP and operated by The Dhanani Group, an experienced multi-brand operator operating more than 500 Burger Kings and 170 Popeyes locations.

The subject property is situated along E. Union Street/State Highway 215 (5,700 VPD), with direct on/off ramp access to Interstate 75 and over 44,600 vehicles passing by each day. Popeyes is strategically located along Interstate 75 which travels from the tip of Michigan down through the west coast of Florida, exposing the restaurant to thousands of travelers. The site features a drive-thru lane which provides ease and convenience to customers. Drivethru restaurants on average, generate higher sales than those without. The 5-mile trade is supported by a population of nearly 5,000 with an average household income of $50,500.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

NN Lease - Popeyes - Vienna, GA

1515 E Union Street, Vienna, GA 31092

Expired

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Freestanding Retail
  • Anchor
  • No
  • Property Size
  • 2,904 Sq Ft
  • Land Area
  • 1.21 Acres
  • Year Built
  • 1989
  • Number of Floors
  • 1
  • Number of Buildings
  • 1
  • Parking Count
  • 63
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Jun 08, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AUNR003157