Listing Summary
Single-tenant Popeyes NNN for sale in Vienna, GA along I-75. $1,179,100 price, high 9.00% cap rate, $106,119 NOI with 10% rent bumps. Guaranteed by top franchisee.
Full Description
High-Yield 9.00% Cap Rate Popeyes NNN Investment | Vienna, GA
An exceptional high-yield commercial real estate investment opportunity situated directly along the Interstate 75 freeway interchange in Vienna, Georgia. Offered at an attractive price point with a high 9.00% cap rate, this freestanding 2,904-square-foot QSR building sits on an expansive 1.21-acre parcel. Fully leased to the nation's largest Popeyes operator, this single-tenant asset generates $106,119 in annual Net Operating Income (NOI) with built-in rent increases and minimal landlord responsibilities.
Investment Specifications & Financial Overview
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Purchase Price: ~$1,179,100
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Cap Rate: 9.00%
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Annual NOI: $106,119
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Tenant / Brand: Popeyes Louisiana Kitchen
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Lease Guarantor: #1 Largest Popeyes Franchisee Nationwide (Operator of 550+ Burger Kings & 290+ Popeyes)
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Building Size: 2,904 SF (Class B Retail / Restaurant)
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Lot Size: 1.210 Acres
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Year Built: 1989
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Zoning: C-2 (General Commercial)
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Occupancy: 100% Single-Tenant
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Lease Structure: Modified Double Net (NN+)
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Remaining Lease Term: 5.3 Years (Expiration: November 30, 2031)
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Rent Escalations: 10% Rent Increases Every 5 Years
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Renewal Options: Four (4) Additional 5-Year Renewal Options
Strong Franchisee Guarantee & Global Brand Strength
Popeyes remains one of the world's fastest-growing quick-service restaurant chains under parent company Restaurant Brands International (RBI). This specific offering combines global brand recognition with top-tier franchisee security:
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Nation's #1 Popeyes Franchisee: The lease is backed directly by the largest Popeyes franchisee in the country, an experienced multi-brand operator managing over 840 total locations across the United States.
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Inflation-Protected Cash Flow: Features contractual 10% rent increases every 5 years, ensuring steady NOI growth throughout the initial term and renewal options.
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Passive Ownership Structure: The NN+ lease framework limits landlord responsibilities, delivering predictable cash flow with low administrative burden.
Strategic Interstate 75 Interchange Location
Positioned directly off Interstate 75 along E Union Street and State Highway 215, the site benefits from continuous regional and interstate traveler traffic:
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High-Volume Freeway Visibility: I-75 serves as the primary north-south transit artery running from Michigan to South Florida, exposing the restaurant to over 48,000 vehicles per day (VPD).
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Prime Corner Position: Excellent access with direct highway on/off-ramp proximity, dedicated drive-thru queueing, and ample parking on a spacious 1.21-acre lot.
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Established Retail Cluster: Surrounded by complementary national fuel and retail brands, including McDonald's, Subway, Dollar General, Piggly Wiggly, Shell, Chevron, and PNC Bank.
Key Investment Highlights
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High 9.00% Cap Rate delivering $106,119 in immediate annual NOI.
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Guaranteed by Premier Operator managing hundreds of QSR locations nationwide.
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10% Rent Bumps Every 5 Years driving long-term yield enhancement.
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Prime Interstate Exit Position capturing high-volume I-75 traffic (48,000+ VPD).
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Generous 1.21-Acre Site featuring a full-service drive-thru layout and flexible C-2 zoning.
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Backed by RBI Corporate Brand Power operating thousands of locations globally.
Quick Glance
- Listing ID:
CL-Georgia-28368
- Status:
Active
- Year Build:
1989
- Building Size:
2,904 SqFt
- Lot Size:
1.21 Acr
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