About the Investment

• Long-Term Triple-Net (NNN) Lease | Popeyes is subject to a triple-net (NNN) lease with zero landlord responsibilities. There is roughly 20 years of term remaining and two five year option periods.
• Extremely Attractive 1.75% Annual Rent Increase | This Popeyes lease calls for annual 1.75% rent increases throughout the base term and option periods providing a strong hedge against inflation.
• Experienced Popeyes Operator | This Popeyes is operated by an extremely experienced operator in Louisiana & Mississippi. High Noon Restaurant Group currently operates 93 Popeyes across both states.
• Large .92-Acre Lot With Outstanding Access | Popeyes greatly benefits from the large .92-acre lot allowing for ample parking and drive-thru space. There are also 3 points of ingress and egress allowing for great access off the highway.
• Strong Brand Recognition and Publicly Traded Parent Company | Restaurant Brands International Inc. (RBI), the parent company of Tim Hortons, Burger King, Popeyes, and Firehouse Subs, operates a global network of quick service restaurants, generating its most recent annual revenue of $7.02 billion for 2024.
• Relocation Store, Brand New Build to Suit in 2019, & High Performing Location with Low Rent to Sales | Popeyes has shown decades of commitment to this retail corridor. The property was a relocation site from down the road and brand new build to suit in 2019. This store is a high performer with a low rent to sales ratio.