Popeyes NNN Property For Sale — Blue Ridge, GA
30 Cook Street, Blue Ridge, GA 30513
This newly constructed Popeyes drive-thru offers a compelling investment opportunity in Blue Ridge, GA. The property features a brand new 15-year absolute NNN lease, with attractive 10% rental increases every five years throughout the primary term and its four five-year option periods. Situated at a prominent signalized intersection, the location benefits from high visibility and traffic counts on Appalachian Hwy and Cook Street, within a vibrant retail corridor anchored by major national retailers. The tenant, Funky Chicken, LLC, is a rapidly expanding Popeyes franchisee operated by Purple Square Management, a highly experienced and successful franchisee with over 100 locations across Florida and Georgia, recognized with multiple awards from Dunkin' Brands.
- Address: 30 Cook Street, Blue Ridge, GA 30513
- Asking price $2.86M
- 5.00% cap rate
- NOI $143,000
- 10.1 years remaining
- NNN lease
- Year built: 2021
- Building size: 2,144 SF
- Lot size: 2.11 acres
- Lease expiration: Sep 30, 2036
- Rent increases: Years 1-5: $143,000.00; Years 6-10: $157,300.00; Years 11-15: $173,030.00; Years 16-20 (Option 1): $190,333.00; …
- Guarantor: Corporate
Location
This Popeyes property is at 30 Cook Street in Blue Ridge, Georgia.
Asset type: Quick Service Restaurant