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.