New to Market: Top Performing Popeyes | 16+ Year Absolute NNN lease | Las Cruces, NM

Highlights:

• True Absolute NNN Investment A fully passive investment with zero landlord responsibilities, as the tenant directly covers all operating expenses, including taxes, insurance, maintenance, repairs, and utilities.
• Upcoming 2027 Rent Increase A scheduled seven percent (7.0%) rent increase in June 2027 strengthens the asset’s income profile, raising the annual rent from $165,016.99 to $176,568.18, and enhancing the in place cap rate from 5.50% to approximately 5.89% at today’s pricing. This built in cash flow bump provides investors with an immediate NOI and cap rate lift early in the hold period.
• Long-Term Popeyes Lease Secured by a brand-new twenty (20) year lease with approximately sixteen (16) years of firm term remaining, offering durable, predictable cash flow ideal for 1031 exchange and long term hold investors.
• Double Drive Thru Configuration Equipped with a double drive thru, the property is built for maximum order volume and peak-hour efficiency, supporting strong unit economics and sustained sales performance.
• New 2021 Construction Featuring the Latest Popeyes Prototype Delivered in 2021, the building reflects Popeyes’ newest design standards, modern branding, and an efficient operational layout, reducing near term capital expenditure risk and ensuring long run competitiveness.
• Top Performing Location According to Placer.ai data, this Popeyes location ranks among the best‑performing stores in New Mexico and nationally, placing #2 out of 14 locations statewide (92nd percentile) and #356 out of 2,656 locations nationwide (86th percentile), underscoring exceptional customer traffic, brand strength, and unit‑level performance.

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