Popeye’s | Ellenton, FL

Popeyes
3707 U.S. 301, Ellenton, FL 34222, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale This Single Tenant, Absolute Net Leased Popeye’s NNN Asset Located at 3707 U.S. Highway 301 N. in Ellenton, Florida. The 2,265 SF Property is Leased By Sailormen, Inc., One of the Largest and Most Experienced Popeye’s Operators in the Country, With Over 150 Units in Florida and Georgia. The Property’s In-Fill Location on the Heavily Traveled US 301 is Ideal For a Quick-Serve Restaurant – Extremely High Traffic Counts, a Growing Population and the Areas Many Draws Should Ensure the Operator is Successful For Years to Come.

  • One of the Largest and Most Experienced Popeye’s Operators in the County, With Over 150 Stores in Florida and Georgia
  • Located on the Heavily Traveled US-301, on Average, Over 36,000 Vehicles Pass By the Site Each Day
  • Located in a Tax Free Florida, the Property is Situated Less Than 5 Minutes From I-75 in Ellenton, Which is on the South Side of Tampa Bay in the Sarasota-Bradenton MSA
  • Well-Established Location That Was Built to the Tenant’s Specifications in 2019
  • Absolute Net Lease With No Landlord Responsibilities Making it an Ideal Management Free, Passive Investment
  • 9+ Years of Term Remaining With 10% Rent Bumps Every 5 Years, Which Offers a Strong Hedge Against Inflation
  • Ellenton is a Densely Populated, Growing Residential Area – Annual Population Growth Was Just Under 2.5% From 2020-2024 and is Projected to Exceed 3% Annually Over the Next Five Years
  • Area Draws Include: Simon Property Group’s Ellenton Premium Outlets and the Florida International Tradeport, a State of the Art Class A Industrial Campus, Plus Many Desirable Vacation Destinations, Including Anna Maria Island and Long Boat Key, All of Which are Just a Stone’s Throw Away From the Property
  • National Retailers Found Along US-301 Include a Walmart Supercenter, ALDI’s, Circle K, RaceTrac, Taco Bell, Dunkin’, McDonald’s, Wendy’s, Burger King, Waffle House, a Nearby Recently Constructed Culver’s and More!

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Popeyes
3707 U.S. 301, Ellenton, FL 34222, USA

POPEYE’S

Founded in New Orleans in 1972, Popeyes® has over 50 years of history and culinary tradition. Popeyes® distinguishes itself with a unique New Orleans style menu featuring fried chicken, chicken tenders, fried shrimp, and other regional items. The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes® to become one of the world’s largest chicken quick service restaurants with over 4,000 restaurants in the U.S. and around the world.

Price

$2,898,180

Cap Rate

5.50%

PREMISES

2,265 SF

RENEWAL OPTIONS

5 x 5 Year Options

Lease Expiration

07/08/2034

Lease Type

NNN

RENTAL INCREASES

10% Every 5 Years

BROKERS

Jack Kellogg
Philadelphia
Eric Vultaggio
Philadelphia
Andrew S. Ackerman
Atlanta

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