Popeyes

Investment Overview

This investment offering presents the opportunity to acquire a free-standing Popeyes restaurant located north of Atlanta in Smyrna, Georgia, within the highly desirable Cobb County submarket of metro Atlanta. The property is leased to C&M Foods Group LLC, which acquired a 14-unit Popeyes Louisiana Kitchen portfolio across Georgia and is backed by experienced multi-unit franchise operators with extensive restaurant and real estate experience. The long-term absolute NNN lease provides passive income with no landlord responsibilities. The lease commenced in 2013 with an initial 20-year term and includes three x five-year renewal options. Rental increases occur every five (5) years, including during the option periods, providing built-in income growth over the life of the lease. The offering includes ownership of the real estate (not a ground lease), allowing the investor to benefit from depreciation of the building.

Investment Highlights

• •Popeyes is a globally recognized and fast-growing QSR brand with strong international brand loyalty - over 4,000 restaurants globally.
• •Leased to C&M Foods Group LLC, operator of a 14-unit Popeyes Louisiana Kitchen portfolio across Georgia, backed by experienced multi-unit franchise operators with extensive restaurant and real estate experience. Lease guarantee with GPS Hospitality, which recently sold the 14 restaurants to C&M.
• •Long-term Absolute NNN lease ending in 2033, with rent increases every five years, and three x five-year renewal options - the restaurant was remodeled in 2015
• •Freestanding restaurant with fee-simple real estate ownership, providing depreciation benefits - large corner lot.
• •Highly visible location north of Atlanta along South Cobb Drive, a major commercial corridor in Smyrna and greater Cobb County, with 31,000 cars passing per day.
• •Strong north Atlanta suburban retail market with dense surrounding residential.
• •96,356 residents within 3 miles and 238,818 residents within 5 miles, both projected to grow - average household incomes ranging from $117,840 to $129,428.