Popeyes (20 Yr. Nnn Lease) Middleburg Heights, Oh

Highlights:

• 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years with four 5-year options to renew
• OPERATOR | GUARANTORS: Seasoned owner/operator of five successful Popeyes locations throughout Ohio and founder of Sidhu Realty Capital - multi-faceted real estate investment/ development firm with investments in the hospitality and commercial space. Also, owner/operator of The Original Dave’s Cosmic Subs (20+ locations)! The Lease is personally guaranteed by both owner/operators with VERY HIGH COMBINED NET WORTH! **Please get with Broker for details.**
• BRAND NEW CONSTRUCTION: New, high-quality, build-to-suit construction of Popeyes newest prototype - slated to open September 2025
• TRAFFIC COUNTS: Positioned on a ±0.76-acre lot with great access/visibility on Bagley Rd (main east/west thoroughfare) with traffic counts of 24,721 CPD! Just at the on/off west ramp of I-71 with traffic counts of 100,337 CPD!
• 2024 DEMOGRAPHICS: Total Population (5MI): 177,379| Average Household Income (1MI): $100,179

Description:

Popeyes has a Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years with four 5-year options to renew. It has a Seasoned owner/operator of five successful Popeyes locations throughout Ohio and founder of Sidhu Realty Capital - multi-faceted real estate investment/ development firm with investments in the hospitality and commercial space. Also, owner/operator of The Original Dave’s Cosmic Subs (20+ locations)! The Lease is personally guaranteed by both owner/operators with VERY HIGH COMBINED NET WORTH! Popeyes is a New, high-quality, build-to-suit construction of Popeyes newest prototype - slated to open September 2025.

The Asset is Positioned on a ±0.76-acre lot with great access/visibility on Bagley Rd (main east/west thoroughfare) with traffic counts of 24,721 CPD! Just at the on/off west ramp of I-71 with traffic counts of 100,337 CPD! Retailers within 5 miles include Walmart, Lowe’s, Home Depot, Target, Costco, BJ’s Wholesale Club, Kohl’s, T.J. Maxx, Marshalls, Gabe’s, Old Navy, Cato, Best Buy, OfficeMax, Five Below, Dollar Tree, Petco, Pet Supplies Plus, Goodwill, ALDI, Giant Eagle Supermarket, Marc’s, Heinen’s Grocery, Cinemark, and Crunch Fitness. Popeyes is 4 minutes (1.5 miles) to Baldwin Wallace University - a liberal arts-based college offering bachelor’s & master’s degrees, certificates & professional education programs with 3,318 students (Fall 2024); Less than 1 mile from Southwest General Middleburg Medical Center - a 358-licensed bed acute care hospital supporting patients in the greater Cleveland area, providing a full range of medical, emergency & surgical services.

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