Popeyes | Absolute NNN

Highlights:

• ABSOLUTE NNN FEE SIMPLE OWNERSHIP - Depreciable asset with zero landlord responsibilities
• LONG-TERM LEASE WITH SCHEDULED RENT GROWTH - Over 11 years of remaining lease term with a 10% rent increase scheduled in 2026, providing built-in income growth.
• STRONG PERFORMING FRANCHISEE - Operated established franchisee with a proven track record of operational success.
• PRIME LOCATION SURROUNDED BY NATIONAL RETAILERS - Strategically located near major national retailers including Starbucks, McDonald’s, Taco Bell, Arby’s, Bojangles, Shell, Exxon, Chevron, and CVS, driving consistent traffic to the area.
• PROXIMITY TO MAJOR DESTINATION - Located less than 2 miles west of Lake Hartwell, attracting an estimated 14 million visitors annually and generates approximately $150 million in tourism economic impact.
• UPCOMING FRANKLIN STREET MIXED-USE DEVELOPMENT - Proposed mixed-use project featuring restaurants, apartments, and a hotel is poised to significantly increase area traffic and expand the local consumer base
• CLOSE TO MAJOR EDUCATIONAL INSTITUTIONS - Situated just 0.6 miles from Hart County High School, Hart County Middle School, and the Hart County College and Career Academy, offering high visibility and consistent daytime population.
• STRONG HOUSEHOLD GROWTH PROJECTIONS - Hart & neighboring counties expected to absorb 20 - 40k new residents by 2040.

Description:

Matthews Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes located in Hartwell, GA. The property is secured by an absolute NNN lease with 11 years remaining and zero landlord responsibilities, offering truly passive income. The lease is guaranteed by PSP Holdings, an experienced multi-unit franchisee operating Popeyes and Five Guys locations across Georgia, South Carolina, and North Carolina.

Built in 2022, the ±2,340-square-foot Popeyes sits on a ±0.82-acre parcel and is surrounded by national tenants including Starbucks, McDonald’s, Taco Bell, and Arby’s. The next rent increase occurs in 2026, and the offering reflects a 5.80% cap rate at list price. Adjacent to the site is a proposed mixed-use development featuring new restaurants, apartments, and a hotel -expected to generate significant pedestrian traffic and further expand the local consumer base. Located just one mile from Lake Hartwell - one of the Southeast’s largest and most visited lakes - this Popeyes benefits from access to over 14 million annual visitors and an estimated $150 million in tourism-driven economic activity.

The property sits within Hart County, an area poised for substantial long-term growth with 20,000 to 40,000 new households projected by 2040. Hartwell’s strategic location between Atlanta and Charlotte, coupled with strong regional connectivity via I-85, positions the asset for sustained performance. This offering presents an exceptional opportunity to acquire a newly built, passive income-producing Popeyes in a high-traffic downtown corridor supported by tourism, population growth, and a seasoned franchisee.

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