Popeye's - Coon Rapids — Sale in Coon Rapids, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Coon Rapids, MN 55433
  • Year built: 2002

Photos

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Description

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Popeyes Louisiana Kitchen located at 3220 124th Ave NW, Coon Rapids, MN 55433. This 4,000 SF quick-service restaurant operates under a NNN ground lease extending through November 2031, with two additional five-year renewal options that could extend the tenancy through 2041. This investment opportunity offers investors a stable income stream backed by Restaurant Brands International Inc. (NYSE: QSR), an institutional-quality operator carrying a BB+ credit rating from S&P. RBI is one of the world's largest quick-service restaurant companies, generating nearly $45 billion in system-wide sales across more than 32,000 locations in over 120 countries. The lease features built-in rent escalations of 10% at each renewal option, providing predictable income growth over the investment hold period. The tenant has operated continuously as a Popeyes at this location for over 14 years, having already exercised its first two renewal options, demonstrating exceptional location-level performance and validating the long-term viability of this established trade area. Coon Rapids represents an exceptional market for quick-service restaurants, with this Popeyes occupying a strategic corner position at Northdale Boulevard and 124th Avenue NW within Riverdale Commons Shopping Center, shadow-anchored by Target and Home Depot. The property benefits from significant regional traffic exposure from Highway 10, located just half a mile away, carrying 66,281 vehicles per day. The immediate trade area features a well-tenanted retail base generating consistent, repeat consumer traffic throughout the corridor, while major infrastructure investments including MN DOT's $40.5 million Highway 10 widening project and the recently approved $10.1 million Northdale Boulevard reconstruction represent meaningful public reinvestment in the area's transportation infrastructure. As one of the larger

Market Context

This retail in Coon Rapids, MN is listed for sale. The building dates to 2002. Compare it against other retail listings for sale in Coon Rapids, MN — view the full market.

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