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Popeyes | Abs NNN w/ Annual Increases 2180 Randall Rd

2,528 SF Retail Building Carpentersville, IL 60110 $2,345,000 ($928/SF) 6% Cap Rate

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Investment Highlights

3 Years Remaining | Scheduled Annual Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Outparcel to Woodman’s Food Market | Strong Tenant Presence
Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along Randall Road | Centralized Location | Drive-Thru Equipped | Excellent Visibility

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Popeyes investment property located in Carpentersville, IL (Chicago MSA). The tenant has 3 years of firm term remaining with an additional 2 (5-year) option periods left to extend. The lease features 1% annual rental increases throughout the initial term and options, steadily increasing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1972, Popeyes is among the largest QSR operators with roughly 4,000 restaurants around the world.