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15655 Nw US Hwy 441 Alachua, Alachua, FL, 32615

Popeyes
$2,664,869

Key Information

Cap Rate
5.75%
Year Built
2021
Term Remaining
±16 Yrs
Type
Retail
NOI
$153,230
Leasable Area
1,930

Highlights

  • Absolute NNN Lease: Zero Landlord Responsibilities. This lease is structured as an absolute NNN, offering passive income with no landlord maintenance obligations.
  • Established Tenant with Long-Term Commitment: Popeyes, a nationally recognized quick-service chicken brand, has ±16 years remaining on their current term, plus five (5) additional 5-year renewal options, providing long term income security.
  • Corporate Guarantee: The lease is corporately guaranteed by Sailormen Inc., one of the largest franchisee operators of Popeye’s in the country, with ~130 units throughout the Southeast.
  • Large ±1.15 Acre Parcel: Situated on a highly desirable ±1.15-acre parcel, the property offers excellent frontage, visibility, and access within a dense, high-traffic retail corridor.
  • Attractive Rental Increases: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflation.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203