Popeyes Real Estate Investment in Hialeah Gardens, FL
Description
We are pleased to present a prime Popeyes real estate investment opportunity in Hialeah Gardens, FL. The property features a 3,087 square foot building on a 23,392 SF parcel, secured by a new 20-year absolute NNN lease with Popeyes Louisiana Kitchen. Backed by an experienced franchisee with over 33 years in the brand, this offering provides a stable, long-term income stream with 10% rental increases every five years.
Strategically located near major retail anchors including BJ’s Wholesale Club and Walmart Supercenter, the property benefits from excellent visibility, high traffic counts, and a dense population of nearly 200,000 residents within a three-mile radius. This combination of strong brand presence, favorable lease terms, and prime location makes it a compelling investment opportunity.
Investment Highlights
- 20-Year Absolute NNN Lease – Zero Landlord Responsibilities
- Popeyes Franchisee with 33+ Years of Experience
- Building Recently Renovated & Reimaged
- Excellent Access & Visibility – Over 64,000 Vehicles Per Day
- Dense Trade Area – 195,000+ Residents Within 3 Miles
- Outparcel to BJ’s & Adjacent to a Top-Performing Walmart Supercenter
Address
-
Address Hialeah Gardens, FL
-
Country United States
-
Province/State Florida
-
City/Town Hialeah Gardens
Overview
- Property ID 13912
- Price $2,975,000.00
- Property Type Business, Retail
- Property status Sale
- Year Built 2003
- Size 3,087 SqFt
- Investment Type Net Lease
- Lease Type Absolute NNN
- Brand/Tenant Popeyes
- Lease Commencement 01/01/2024
- Remaining Term 18.3 years
- Net Rentable (SqFt) 3,087
- Cap Rate 5.00%
- NOI $148,750
- Year Renovated 2023
- Stories 1
- Parking (spaces) 27
- Broker Co-Op Yes
- Lease Options 2 Five Year Options
- Ownership Fee Simple
- Sub Type QSR/Fast Food
- Investment Sub Type Net Leased Restaurant
- Tenancy Single
- Lease Term 20 years
- Lease Expiration 12/31/2043
- Square Footage 3,087
- Price per SqFt $963.72
- Occupancy 100%
- Buildings 1
- Lot Size (acres) 0.54
- Rent Bumps 10% Every 5 Years
- APN 27-3003-042-0010
- Ground Lease No
