Popeyes - NNN Lease

The subject property is on the first exit once crossing from Georgia into Alabama, approximately 80 miles southwest of downtown Atlanta, and 80 miles northeast of Montgomery, AL. In 2009, KIA Motors opened a plant in West Point Georgia creating more that 15,000 jobs for the area, and is located approximately 7 miles from Valley on I-85. The plant covers 2,200 acres with a total investment from KIA Motors of $1.1 Billion. KIA Motors currently produces 340,000 vehicles a year at this location operating 3 shifts a day, 24 hours a day to supply the 940 dealerships across the United States and Canada. Prior to KIA Motors, for over 100 years Valley thrived and flourished from the textile industry. Valley is now situated to make a major economic advances in the near future, and with KIA Motors located a ‘stones throw’ from Valley, even greater advances are to be expected.This investment offering is an excellent opportunity to acquire brand new developed free-standing Popeyes, located between Atlanta and Montgomery in Valley, AL. Popeyes opened at the beginning of 2019, and has a 15 year NNN lease which began in 2020, that includes 10% increases every 5 years with 2 x 5 year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Checkers and Moe's. Popeyes is well located on a major exit off of I-85 and benefits from travelers as it is a perfect stop between Atlanta and Montgomery. Popeyes is situated between Dunkin Donuts as well as Waffle House and located on the major retail corridor for the area. Popeyes is one of the fastest growing QSR brands in the world and this is an ideal location for the restaurant.