Popeyes | 20-Yr NNN | Grand Junction, CO MSA |… — Sale in Clifton, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Clifton, CO 81520

Photos

Popeyes | 20-Yr NNN | Grand Junction, CO MSA |… — Sale in Clifton, CO, photo 1 of 3
Popeyes | 20-Yr NNN | Grand Junction, CO MSA |… — Sale in Clifton, CO, photo 2 of 3
Popeyes | 20-Yr NNN | Grand Junction, CO MSA |… — Sale in Clifton, CO, photo 3 of 3

Investment Figures

Cap rate
5.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes restaurant at 3223 I-70 Business Loop in Clifton, Colorado, within the Grand Junction MSA. The ±3,374-square-foot restaurant, built in 2017, sits on ±0.64 acres and is secured by a new 20-year NNN lease commencing at close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $140,000 reflects a 5.35% cap rate, with scheduled 10% rent increases every five years for built-in income growth. Tenant HZ Ops Holdings, Inc., an established ±190-unit entity, will fund a complete remodel to the latest Popeyes brand standards within 36 months of close of escrow, at its own expense, delivering a newly renovated asset at zero cost to the landlord. The restaurant is operated by The Dhanani Group, the nation's 3rd-largest restaurant franchisee (Franchise Times, 2025) and the largest Popeyes franchisee, with 350+ Popeyes and 475+ Burger King locations. The property fronts the I-70 Business Loop (±23,213 VPD) near Highway 141 (32 Road), with access to I-70 and corridor neighbors including Mesa Pointe Shopping Center, Dollar Tree, Harbor Freight Tools, Burger King, and Qdoba. The 5-mile trade area holds 69,796 residents with $89,007 average household income, supported by Colorado Mesa University (11,051 enrollment) and major employers including Intermountain Health, Mesa County, and West Star Aviation. The asset sits within the Grand Junction MSA, home to 162,262 residents and named a USA Today Top 10 Best Place to Live in America. Popeyes operates 3,700+ locations worldwide as a subsidiary of Restaurant Brands International (S&P: BB), pairing brand strength with a passive, long-term net-lease investment in a growing Western Colorado market. Investment Highlights: • New 20-Year NNN Lease with Zero Landlord Responsibilities, Commencing at Close of Escrow • Four (4) Five-Year Renewal Options for Long-Term Occupancy Potential • Scheduled 10% R

Market Context

This food service in Clifton, CO is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Clifton, CO — view the full market.

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