POPEYES

Representative Photo

Representative Photo

Address: 175 South East Hwy 17
East Palatka, FL 32131

Price: $2,058,500

NOI: $120,421

Building Size: 2,265 Sq. Ft.

Lot Size: 1.08 Acres

Type: Single-Tenant / Retail

Debra Franklin

305.308.2635

justin sturdivant

941.504.4222


 

INVESTMENT OVERVIEW

Single-tenant, absolute triple-net lease Popeyes restaurant investment opportunity located in East Palatka, FL
Newly constructed restaurant with a brand new 15-year lease in place with Sailormen Inc., one of the largest domestic franchisees of Popeye’s Lousiana Kitchen restaurants Sailormen Inc. is currently operating 94 Popeyes in Florida and Georgia
Restaurant is located on US 17, a major highway connecting all the communities on the St. John’s River from Orlando to Jacksonville.
Traffic counts exceed 34,000 vehicles per day
Popeyes will be adjacent to a brand new Taco Bell currently breaking ground as well as a recently built McDonald’s across the street.
Palatka is the county seat of Putnam County and the principal city with over 72,000 residents in the market