Middleburg Heights OH - Popeyes

Description:

Popeyes Louisiana Kitchen | 20-Year lease | 2025 Construction | Scheduled Rental Increases | Leading Fast-Casual Chain
Tenant will sign a 20-year lease with 4 (5-year) options to extend at the close of escrow
Lease is Absolute NNN, with zero landlord responsibilities
10% rental increases every 5 years throughout the primary lease term and each option period
2025 construction that features high quality materials, distinct design elements, and high-level finishes
Building features the newest Popeyes prototype on the market
Founded in 1972, Popeyes has since grown to have more than 3,400 restaurants located around the world

Strong Franchisee Operator
Sidhu Realty Capital is a privately held, multifaceted real estate investment firm based in Cleveland, Ohio. Its portfolio is comprised of largely single tenant and mixed-use retail assets across several states. The firm currently invests its own money either entirely or alongside its investors in a Joint-Venture Program to ensure its clients that Sidhu Realty Capital is confident in and committed to the investment opportunities it sources.
In 2021, Sidhu Realty Capital became a franchisee of Popeyes Louisiana Kitchen. Through its commitment to differentiated, high quality products, and interests in new and exciting branding campaigns, Sidhu found Popeyes to be one of the fastest growing quick service restaurants in its segment.
Sidhu Realty Capital also operates Dave’s Cosmic Subs, a sandwich concept founded in 1997 with 20+ locations

Strategic Location At I-71 Off-Ramp | Low Chicken Segment Competition | Surrounding Retailers | Drive-Thru Equipped
Subject property is strategically positioned on Bagley Road, a major east-west retail corridor, averaging over 34,000 cars per day, and at the on/off ramp for Interstate 71 averaging over 105,000 cars per day
Very low competition in the marketplace – Only one other national chicken-focused retailer within 2 miles (Raising Cane’s)
The immediate trade area is supported by national retailers such as Giant Eagle, Walgreens, ALDI, Starbucks, IHOP, Olive Garden and many more
Just over 1 mile east of Baldwin Wallace University, with over 3,300 students
Close proximity to two major Hospitals, Southwest General Health Center and Regency Hospital Cleveland West, with over 400 patient beds combined
1 mile east of the Cuyahoga County Fairgrounds, attracting approximately 200,000 visitors annually

Demographics In The Local Trade Area I Strong Household Income
More than 180,700 individuals reside within the 5-mile trade area
The average household income exceeds $94,000 within a 5-mile radius