Columbus, GA - Popeyes

Description:

• The tenant currently has 16 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and at the beginning of each option, growign NOI and hedging against inflation
• The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants with over 4,000 restaurants in the U.S. and around the world

• The subject property is part of Midland Commons, an 88 acre development, that will have apartments, restaurants, retail shops and many more
• The asset is located right next to a Walmart Supercenter, further increasing consumer traffic to the immediate trade area
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Starbucks, Chick-fil-A, Publix, Tractor Supply, Murphy USA, Autozone, and more
• Furthermore, the subject property is in close proximity to Midland Middle School (441 students)