Covington, TN - Popeyes

Description:

• More than 12 years of remaining primary term with two (2) 5-year renewal options, providing stable in-place income and long-term extension potential
• 10% rental increases every 5 years during the primary term and at the beginning of each option period support NOI growth and provide a hedge against inflation
• The tenant, Popeyes Louisiana Kitchen, Inc., is a corporate entity for Popeyes, one of the world’s largest chicken QSR brands with more than 5,000 locations
• The property features drive-thru infrastructure, promoting efficient customer flow and supporting tenant performance

• The subject property is situated within a dense retail corridor alongside national brands including Tractor Supply Co., Five Below, Dollar Tree, and more
• Steps from Park Plaza, a Save-A-Lot-anchored center featuring Rent-A-Center and numerous local retailers, serving as a major retail destination in the area
• This retail density drives strong consumer activity and promotes cross-shopping at the subject property

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Listing ID: a28TP000002nA0HYAU