Popeyes
Overview
Known for their tasty fried chicken, Popeyes has over 3,000 locations in the United States. Since introducing their signature Chicken Sandwich, Popeyes has seen a major increase in average store revenue from 2018-2019. Popeye’s locations tend to be NNN properties, freeing the investor of any responsibilities, and Popeyes offers attractive 15-20 year terms with rent escalations of 10% every 5 years.
Lowest Cap Rate
3.32%
Average Cap Rate
5.02%
Property & Lease
Average Sale Price
$2,000,000 – $3,000,000
Average NOI
$100,000 – $150,000
Building SF
2,500
Lease Term
15 – 20 Years
Escalations
10% Every 5 Years
Stock Symbol
NYSE:QSR
Credit Rating
S&P
BB-
Moody’s
N/A