Popeyes

Purchase Price$2,175,000
Annual Rental Income$139,200
Cap Rate6.40%
Lease Term18 Years
CityWarner Robins
Tenant: Popeyes
Sector: Fast Food / QSR
State: Georgia

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Popeyes – Absolute NNN Investment
Warner Robins, GA MSA | Regional Military & Transit Hub | Passive Income | Drive-Thru QSR Asset

This offering presents a premier opportunity to acquire a single-tenant Popeyes Louisiana Kitchen property located in the Warner Robins Metropolitan Statistical Area (MSA). The property is leased under a long-term absolute triple net (NNN) structure, offering 100% passive incomezero landlord responsibilities, scheduled rent escalations, and a strong national QSR brand. Strategically positioned on a high-traffic signalized intersection in a primary retail corridor leading directly to Robins Air Force Base, this asset provides long-term income security and excellent visibility in a fundamentally strong market.


Tenant Overview – Popeyes | National QSR Chain

Popeyes is one of the most recognized quick-service restaurant brands in the United States, known for its New Orleans-style fried chicken, signature spicy chicken sandwich, and broad customer appeal. The brand continues to grow rapidly, backed by a loyal customer base and operational success in both urban and suburban locations.

The property is leased on an absolute NNN basis, meaning the tenant is responsible for all property-related expenses, including taxes, insurance, and maintenance. The lease also features scheduled rent escalations, ensuring consistent income growth and protection against inflation. The combination of a strong tenant, excellent location, and passive lease structure makes this an ideal investment for 1031 buyers or long-term hold investors.


Lease Structure & Income Profile

  • Lease Type: Absolute NNN – tenant pays all taxes, insurance, and maintenance
  • Lease Term: Long-term base lease, typically 15–20 years
  • Renewal Options: Multiple 5-year options
  • Rent Escalations: Scheduled increases every 5 years (commonly 7–10%)
  • Investor Benefits: Turnkey income stream with no landlord obligations

This fully passive lease structure ensures consistent net income with no management burden—making it a suitable asset for investors seeking stability and ease of ownership.


Market Overview – Warner Robins MSA

Warner Robins is part of the Houston and Peach County region in central Georgia and is one of the fastest-growing areas in the state. The city has a population exceeding 80,000, with the greater metro area approaching 200,000 residents. Warner Robins is best known as the home of Robins Air Force Base, one of the largest employers in Georgia, with over 25,000 active-duty personnel, civilian employees, and contractors.

Key drivers of the local economy include:

  • Robins Air Force Base – the anchor of the regional economy, generating massive daily traffic
  • Healthcare – supported by Houston Medical Center and regional outpatient facilities
  • Education – institutions such as Central Georgia Technical College and multiple public schools
  • Retail & Logistics – supported by proximity to I-75 and regional distribution hubs

Warner Robins has seen consistent job growth, new housing development, and increasing median household incomes. The area is considered a regional retail destination, drawing shoppers from surrounding counties.


Site Analysis – Signalized Corner Drive-Thru

The Popeyes is located at the signalized hard corner of Watson Boulevard and Carter Circle, one of Warner Robins’ busiest commercial corridors. Traffic counts along Watson Boulevard exceed 30,000 vehicles per day, ensuring high visibility and substantial drive-thru volume.

The freestanding building features:

  • Dual-lane drive-thru for efficient service
  • Ample on-site parking and ingress/egress access
  • Contemporary architecture and prominent signage
  • A well-maintained lot with high curb appeal

This location is surrounded by national tenants such as Walmart, Home Depot, Starbucks, AutoZone, Cracker Barrel, Chick-fil-A, and Walgreens, creating strong cross-shopping synergy.


Trade-Area Demographics

  • Population (5-mile radius): Over 100,000 residents
  • Median Household Income: Approximately $75,000–$80,000
  • Daytime Population: Strong due to proximity to military base, retail centers, and healthcare campuses
  • Demographic Mix: Families, military households, young professionals, and retirees

The demographic profile supports a broad customer base, contributing to strong QSR performance. In addition, the presence of Robins AFB provides a steady stream of visitors and employees, creating consistent foot traffic and drive-thru volume.


Income Growth & Inflation Protection

This investment includes contractual rent increases every five years, offering built-in growth and effective inflation protection. The absolute NNN lease ensures that the landlord has no exposure to rising operating costs, capital expenditures, or maintenance obligations.


Why Invest in Popeyes – Warner Robins, GA

  1. Premier QSR Brand – High-performing national tenant with strong market share and brand recognition
  2. Absolute NNN Lease – Zero landlord obligations for true passive income
  3. Drive-Thru Format – Optimized for modern customer demand, digital ordering, and off-premise dining
  4. Military Economic Base – Robins AFB drives population and retail traffic
  5. Signalized Corner Location – Exceptional visibility and access
  6. Demographic Stability – Population and income growth support long-term performance
  7. Attractive Income Growth – Rent escalations every five years
  8. Low Vacancy Risk – High-demand corridor in a growing metro area
  9. Ideal for 1031 Exchange – Clean lease structure and predictable returns
  10. Scarcity Value – Freestanding QSR sites with passive leases are in limited supply

Key Investment Highlights

  • Single-tenant Popeyes with absolute NNN lease
  • Long-term passive income with built-in rent escalations
  • Freestanding drive-thru building on a high-traffic corner
  • In the heart of Warner Robins’ primary commercial corridor
  • Supported by nearby national tenants and strong co-tenancy
  • Direct access to Robins Air Force Base – Georgia’s largest industrial employer
  • Demographics support consistent sales volume and long-term lease viability
  • No landlord responsibilities – truly hands-off ownership
  • Turnkey solution for exchange or yield-focused investment strategy

Conclusion

This Popeyes location in Warner Robins, GA offers a rare combination of national brand strength, absolute NNN lease structure, signalized corner visibility, and exposure to a high-performing regional economy. With built-in income growth and zero landlord responsibilities, the property provides a secure and predictable return profile for investors seeking low-risk, long-term real estate income.

Whether you are completing a 1031 exchange, diversifying into passive retail assets, or building a portfolio of inflation-protected income, this Popeyes delivers strong fundamentals in one of Georgia’s most resilient growth corridors.

For a full investment package, financials, lease abstract, or property details, contact us directly. Opportunities of this caliber in Warner Robins are limited and often highly sought after.

Property details provided on this site are for general informational and illustrative purposes only. Specific availability and property status may change without notice. Please contact us to confirm current opportunities.