Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 1432 Huntsville Highway in Fayetteville, TN. The property consists of approximately 1.02 acres improved with a 2,491-square foot building. The newly constructed restaurant will have a brand new 20-year lease at the close of escrow with a seasoned RBI Brands Franchisee operating over 200 restaurants. This franchisee has been a Burger King and Popeyes operator for over a decade and is one of the fastest growing Franchisees in the entire system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $119,000 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options.?
The restaurant sits directly on Hwy 280, 600 feet from the intersection of Hwy 280 and AL Hwy 25 in Harpersville, a small town located less than 40 minutes from downtown Birmingham. Harpersville is flanked by metropolitan Birmingham to the west and the industrial towns of Childersburg and Sylacauga to the southeast, ensuring both daytime and evening traffic. The site is also within a 600 ft of the intersection of U.S. Hwy 280 and AL Hwy 25 together boast traffic counts of over 20,000 vehicles per day. Nearby retailers include Jack’s, Burger King, Chevron, Exxon, Dollar General and Morgan Creek Vineyards. ?