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Popeyes | Abs NNN w/ Increases 405 W Army Trail Rd

3,047 SF Retail Building Bloomingdale, IL 60108 $2,394,000 ($786/SF) 6% Cap Rate

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Investment Highlights

5+ Years Remaining on Lease | Rare Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Major Nearby Shopping Centers | Strong Tenant Presence
Direct Residential Consumer Base | Affluent Community | Strong Demographics in 5-Mile Trade Area

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Signalized, Hard Corner Intersection | Centralized Location | 2024 Renovation | 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 Bloomingdale, IL (Chicago MSA). The tenant has over 5 years of firm term remaining with an additional 2 (5-year) option periods left to extend. The lease features rare 15% rental increases every 5 years throughout the initial term and options, growing 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.