Santa Rosa, CA - Popeyes

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee simple (land ownership) in an absolute NNN, drive-thru equipped, Popeyes investment property located in Santa Rosa, California. The tenant, Norcal Cajun Foods II, Inc., has over 9 years remaining with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The subject property is located at the highly visible, signalized hard-corner intersection of Sebastopol Road and Stony Point Road (62,500 VPD). The site sits directly off State Highway 12 (63,000 VPD), a primary east/west arterial highway that connects with State Highway 101 (130,000 VPD) and serves as a key commuter route through Sonoma County. The property benefits from strong visibility and accessibility, drawing traffic from both local residents and regional commuters. Positioned directly across from the grocery-anchored Stony Point Plaza, home to FoodMaxx, Ross, Burger King, and Taco Bell, the center draws more than 3 million annual visits
(per Placer.ai), further reinforcing consumer traffic to the area. Additional nearby national retailers including Costco, Target, Trader Joe’s, and Best Buy, contribute to the area’s appeal as a major regional retail destination in Northern California. The surrounding trade area features over 8,900 apartment and multifamily units within a two-mile radius, providing a built-in customer base and consistent demand for quick-service dining options. Additionally, the location is just one mile from downtown Santa Rosa, further enhancing its regional connectivity and exposure. The 5-mile trade area is supported by a population of over 191,300 residents and 84,500 employees with an affluent average household income of $129,502.