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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.
Similar Listings
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
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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