Popeye's

Investment Overview

Investment Highlights

• Absolute NNN Lease: The property is secured by a long-term absolute NNN lease with approximately 16 years remaining, providing passive income with zero landlord responsibilities.
• Upcoming High School Development: The planned Percy Julian High School, projected to serve 2,000 students and open in Spring 2028, is expected to significantly enhance local foot traffic, housing demand, and long term area growth.
• Established 13-Unit Popeyes Franchisee – TICE Chicken Holdings: The lease is backed by TICE Chicken Holdings, a 13-unit Popeyes franchise operator throughout Alabama
• Strong Demographics: The asset is supported by a dense population of 154,768 residents within a five-mile radius and over 20,000 daytime employees within three miles, providing a consistent and diverse customer base.
• Limited Internal Competition: The subject property benefits from strong market positioning, with the nearest Popeyes located 8 miles away, minimizing brand cannibalization.
• High-Traffic Location: Situated along N Eastern Blvd with traffic counts exceeding 40,500 vehicles per day, the property benefits from strong visibility and continuous consumer exposure.
• Proximity to Key Demand Drivers: Located near major regional anchors including Eastdale Mall and 8 miles from Alabama State University, driving consistent retail traffic and demand.
• Favorable Sunbelt Market Dynamics: Located in Montgomery, a growing Southeastern market benefiting from population stability, business-friendly policies, and ongoing economic development.