Popeyes – Daphne, Al

Highlights:

• BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew!
• TENANT | GUARANTORS: The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (81 TOTAL UNIT GUARANTY). ** All units back the performance of the lease!**
• STRONG SALES PERFORMANCE: Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!
• TRAFFIC COUNTS: Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98 (main north/south thoroughfare in Daphne) with traffic counts of 36,653 CPD!
• VERY AFFLUENT 2025 DEMOGRAPHICS: Total Population (5MI): 43,092 | Average Household Income (1MI): $128,942

Description:

Popeyes has a Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew! The Tenant is an experienced multi-concept owner/operator with 7 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (81 TOTAL UNIT GUARANTY). Successfully open and operating since 2023 with an attractive 8.03% Rent to Sales Ratio!

The Asset is Across the street from Target, positioned on a ±0.74-acre lot with great visibility on US-98 (main north/south thoroughfare in Daphne) with traffic counts of 36,653 CPD! Major retailers within 5 miles include Target, Walmart, Bass Pro Shops, Home Depot, Dick’s Sporting Goods, T.J. Maxx, Cavender’s, Staples, Five Below, Petco, Pet Supermarket, Ulta Beauty, Aldi, Rouses Market, The Fresh Market, Publix, Tractor Supply Co., Harbor Freight Tools, La-Z-Boy, Dollar Tree, Dollar General, CVS, Anytime Fitness, AMC Theatres. Popeyes is 3.5 miles from Thomas Medical Center - offering a full-service laboratory & diagnostic services with testing services such as Cardiac scoring, X-ray services, Ultrasound, CT scans, Open MRIs, Bone Density & 3D Mammography A charming bayside destination, Daphne, is less than 40 miles from the Alabama Gulf Shores. In 2024, the Alabama Gulf Shores (including Gulf Shores & Orange Beach) saw a record number of tourists, with over 6.5 million visitors to the beaches, resulting in a total visitor spending of almost $6.7 billion. Baldwin County had 8.4 million visitors, resulting in a total visitor spending of $7.8 billion.

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