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Popeyes 2491 Tobacco Rd

2,700 SF Retail Building Hephzibah, GA 30815 $2,304,000 ($853/SF) 6.56% Cap Rate

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INVESTMENT HIGHLIGHTS

21,038 VPD
20-Year NNN Lease

Access to Tobacco Road and Windsor Spring Road
(3) 5-Year Renewal Options

EXECUTIVE SUMMARY

Oswald Cooke & Associates is pleased to offer 2491 Tobacco Road in Hephzibah, GA available for sale. The Popeye's Louisiana Kitchen franchisee is subject to a 20-Year NNN lease that commenced in January 2020. The tenant has (3) 5-Year renewal options with 5% rental escalations throughout the term and options. The site is located on Tobacco Road (21,038 VPD) and is surrounded by numerous national retailers including Walgreens, Parkers Kitchen, Dollar General, Family Dollar, O'Reilly Auto Parts, Dollar Tree, McDonalds, Sonic, Bilo, BP, Hardee's and many others.

2491 Tobacco Road Hephzibah, GA

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,700 SF

Building Class

Year Built

2015

Price

$2,304,000

Price Per SF

$853

Cap Rate

6.56%

NOI

$151,142

Tenancy

Single

Building Height

1 Story

Building FAR

0.05

Lot Size

1.31 AC

Zoning

C - Commercial

Parking

34 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

235 FT on Windsor Spring Road

AMENITIES

Signage

Drive Thru

MAJOR TENANTS

Accommodation and Food Services
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Triple Net
Jan 2040

Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.