Popeyes

• Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities — Tenant pays all CAM, taxes, insurance, maintenance, and capital expenses | No landlord responsibilities | Ideal, management-free investment for a passive 1031 buyer
• Strong Franchisee Guaranty | 150-Unit Popeyes Operator — Guaranteed by P.W. Chickens Corp, a proven multi-unit Popeyes franchisee operating 150 locations | Demonstrated long-term commitment to the brand and site
• Exceptional Store-Level Sales | Nearly 2x the National Median — This Popeyes location generates sales nearly double the national franchisee median, placing it well into the top tier of performers systemwide | Strong, consistent revenue demonstrates the durability of this location and the operator’s execution | For specific sales figures, please contact the listing broker directly
• Established Location | High-Traffic Retail Corridor — Located on Sudley Rd in Manassas, VA, one of Northern Virginia’s primary commercial corridors with over 38,865 vehicles per day | Directly adjacent to Walmart Supercenter, driving consistent daily consumer traffic | Surrounded by dominant national retailers including McDonald’s, Home Depot, Best Buy, Walgreens, Starbucks, Giant Food, and Manassas Mall — all within the immediate trade area
• Attractive Pricing | $3,750,000 | 6.54% Cap Rate — Priced at $3,750,000 reflecting a 6.54% cap rate on in-place percentage rent NOI of $245,152 | Offers investors a compelling entry point into the Northern Virginia market
• Favorable Lease Structure | 3% Annual Increases | 10-Year Option — Base rent of $162,000/year ($13,500/month) with 3% annual escalations throughout the base term and any extensions | One 10-year renewal option providing long-term security and income visibility | Site benefits from percentage rent due to consistent high sales volume | Has historically hit well over excess sales since the start of operating history
• Dense Northern Virginia Demographics | Washington, D.C. MSA — Sudley Road sees over 44,000 vehicles per day, with a 5-mile population exceeding 160,000+ residents and an average household income of approximately $89,000 | Located within one of the most affluent and densely populated suburban markets on the East Coast
• Strong National QSR Brand | Essential Daily Needs Tenant — Popeyes operates 2,700+ restaurants across the U.S. and worldwide | Stable, daily customer demand with consistent long-term performance