Popeyes

Popeyes – Absolute NNN Investment
Phenix City, AL MSA | Regional Economic Anchor | Passive Income | Drive-Thru QSR Asset

This offering presents a compelling opportunity to acquire a single-tenant Popeyes Louisiana Kitchen property located in the Phenix City–Columbus, GA–AL Metro Area. The property is leased on a long-term absolute triple net (NNN)basis, offering 100% passive income with zero landlord responsibilities, built-in rent escalations, and brand stability from a nationally recognized quick-service restaurant (QSR). Positioned with strong visibility and drive-thru convenience, this asset delivers a dependable investment profile in a cross-state regional market.

Tenant Overview – Popeyes | National QSR Chain

Popeyes is a leading QSR chain specializing in Louisiana-style fried chicken, signature spicy chicken sandwiches, seafood offerings, and homestyle sides. The brand attracts a loyal and growing consumer base through menu innovation, competitive positioning, and high drive-thru demand. As part of a long-term absolute NNN lease, the tenant covers all property-related costs—including taxes, insurance, and maintenance—while scheduled rent escalations secure inflation-adjusted income growth.

Lease Structure & Cash Flow Profile

• Lease Type: Absolute NNN – tenant fully responsible for operating costs
• Lease Term: 15–20-year base lease with renewal flexibility
• Escalations: Fixed increases every 5 years (commonly 7–10%)
• Investor Benefits: Purely passive income, rental growth, no landlord oversight
• Capital Exposure: None—structure protects owner from surprise expenses

This setup ensures consistent passive returns, easily modeled for investors seeking long-duration yield and simplicity in ownership.

Market Overview – Phenix City MSA

Phenix City, Alabama, is part of the cross-border metro area anchored by Columbus, Georgia. Phenix City has over 35,000 residents, while the larger metro supports 400,000+, offering economic diversification and population density. Key drivers include:

• The Auburn University at Columbus campus and Columbus State University
• Healthcare providers like Piedmont Columbus Regional and multiple specialty clinics
• River Valley Commerce Center and industrial developments
• A variety of manufacturing and logistics employers
• Retail, dining, and service providers flourishing along primary corridors

As a regional hub, the market draws consumer demand across both state lines, sustaining QSR traffic and drive-thru usage.

Site Analysis – Drive-Thru Optimized

This freestanding Popeyes is located on a high-visibility corridor with daily traffic counts approaching 20,000–25,000 vehicles, ensuring drive-thru volume and brand presence. The property features dual-lane drive-thru lanes with ample stacking capacity, prominent street frontage, and strong signage.

The site benefits from national co-tenancy including grocery anchors, big-box retailers, banks, convenience stores, and service providers. Nearby residential neighborhoods and commercial developments provide consistent catchment support across all dayparts.

Trade-Area Demographics

• Population (3–5 miles): 80,000–100,000
• Median Household Income: $55,000–$70,000
• Age & Spend Profile: Mix of families, students, working professionals, and retirees
• Daytime Drivers: University students, hospital staff, industrial employees, and retail traffic

Population growth is supported by campus expansion, new housing developments, and retail-level improvements—creating long-term QSR demand in the trade area.

Income Growth & Lease Protection

Contractual rent escalations every 5 years maintain income growth and offset inflation. Under the absolute NNN lease, all maintenance, repairs, and taxes are tenant responsibilities, ensuring completely passive net revenue for the investor.

Investment Rationale – Why Phenix City

1. Cross-State Metro Dynamics – Benefit from combined Alabama–Georgia consumer base
2. University & Healthcare Employment – Straddles daytime and evening dining demand
3. Drive-Thru Focused Demand – Convenient format aligns with suburban and commuter patterns
4. National Tenant Strength – Popeyes commands performance momentum in emerging markets
5. Lease Structure – Absolute NNN guarantees no landlord cost and fixed rent growth
6. Growing Local Economy – Infrastructure and retail expansion support site activation
7. Corner Location – High-visibility, signal-equipped frontage amplifies traffic capture
8. Investor Simplicity – Ideal asset for 1031 exchange, passive holdings, or yield portfolios
9. Limited Supply – Freestanding QSR in secondary metros with predictable term and tenant is rare
10. Exit Strategy Ready – Lease stability, tenant credit, and income escalation support refinancing or resale

Key Investment Highlights

• Single-tenant Popeyes with absolute triple net lease
• Passive net income with zero landlord obligations
• 15–20-year initial lease term with renewal options
• Drive-thru-optimized facility on a primary corridor
• Trade area supports 80k–100k population; median income ~$60k
• Co-tenancy includes major grocery and service-based tenants
• Built-in rent escalation for inflation-adjusted income
• Suitable for 1031 exchangers, passive-income investors, and institutional underwriting

Conclusion

This Popeyes offering in Phenix City, AL, delivers a robust investment profile combining brand strength, passive cash flow, and long-term lease structure in a growing cross-state metro. Its drive-thru design, corner visibility, and tenant-paid structure make it a turn-key opportunity for investors seeking inflation-protected income and low oversight.

To receive the full investment package — including lease abstract, financial model, and demographic overview — please contact us. Act quickly: quality net-lease QSR properties in growth regions like Phenix City are rare and attract strong investor competition.