Popeyes | New 20-Yr NNN SLB | ±190-Unit Tenant |… — Sale in Fountain, CO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Fountain, CO 80817

Photos

Popeyes | New 20-Yr NNN SLB | ±190-Unit Tenant |… — Sale in Fountain, CO, photo 1 of 3
Popeyes | New 20-Yr NNN SLB | ±190-Unit Tenant |… — Sale in Fountain, CO, photo 2 of 3
Popeyes | New 20-Yr NNN SLB | ±190-Unit Tenant |… — Sale in Fountain, 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 drive-thru located at 6666 Camden Boulevard in Fountain, Colorado. The ±2,045-square-foot restaurant sits on ±0.75 acres and will be secured by a new 20-year NNN sale-leaseback to commence at close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $188,000 is offered at a 5.50% cap rate, with scheduled 10% rent increases every five years. The tenant is contractually obligated to complete a full remodel to current Popeyes brand standards within 36 months of close, at no cost to the landlord. The tenant entity is HZ Ops Holdings, Inc., a ±190-unit entity, and the store is operated by The Dhanani Group, the largest Popeyes franchisee. The property sits along Camden Boulevard and Highway 85 (±22,568 VPD) near Mesa Ridge Parkway, with access to Interstate 25 and neighbors including McDonald's, Taco Bell, KFC, Subway, AutoZone, and Jiffy Lube. The 5-mile trade area holds 140,892 residents with an average household income of $106,780, and nearby Fort Carson is Colorado's largest employer with 13,815 military personnel. The Colorado Springs MSA is home to more than 782,000 residents, and Popeyes operates 3,700+ locations worldwide as a subsidiary of Restaurant Brands International. Investment Highlights: • New 20-Yr NNN Sale-Leaseback to Commence at Close of Escrow • Zero Landlord Responsibilities | 4 x 5-Yr Renewal Options • Scheduled 10% Rent Increases Every 5 Years • Tenant: HZ Ops Holdings, Inc. (±190-Unit Entity) • Operated by The Dhanani Group, the Largest Popeyes Franchisee • Tenant-Funded Full Remodel Within 36 Months of Close • Along Highway 85 (±22,568 VPD) Near Mesa Ridge Pkwy and I-25 • Near Fort Carson, Colorado's Largest Employer (13,815 Military Personnel)

Market Context

This food service in Fountain, 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 Fountain, CO — view the full market.

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