RARE CORPORATE POPEYES – VALUE-ADD — Sale in Memphis, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Memphis, TN 38114

Photos

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Investment Figures

Cap rate
20.00%

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

This offering presents a rare opportunity to acquire a corporate-operated Popeyes in a high-exposure drive-thru QSR location with significantly embedded rent upside. The core investment thesis is the ability to reset the current rent of $15,552 annually to approximately $150,000 upon expiration of the option term in 2039. The original 10-year absolute NNN lease, with three 10-year options, was executed on December 9, 1998, when an older freestanding donut shop occupied the site. The lease provided the tenant the right to demolish and redevelop the property at their expense, which was completed in 2001 with the construction of the current freestanding Popeyes. The final 10-year option commences in May 2029 at $18,862 annually, with a hard lease end date of April 30, 2039. Lamar Avenue (36K+ VPD) is one of Memphis’ primary commuter and logistics corridors, supporting strong daily traffic and long-standing quick-service demand. The site benefits from approximately 36,000 vehicles per day and is located just five miles from Memphis International Airport. Notably, of the more than 5,400 global Popeyes locations, only 50 are corporate-operated. At just 10% of market rent, this asset offers a clearly defined mark-to-market opportunity within a long-standing corporate QSR location. Investment Highlights: • REMARKABLY LOW RENT | MARK-TO-MARKET UPSIDE • RARE POPEYES | CORPORATE OPERATED • STRONG LEASE | ZERO LANDLORD RESPONSIBILITIES • HIGH TRAFFIC COUNTS | PRIME INFILL MEMPHIS • SUBSTANTIAL FUTURE UPSIDE POTENTIAL

Market Context

This food service in Memphis, TN is listed for sale. It is offered at an approximate 20.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Memphis, TN — view the full market.

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