Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE
» 10% rental increases every five years, providing an excellent hedge against inflation
» Absolute NNN lease requires no landlord management, ideal for an out of area investor
» Long-term lease to strong and expanding operator with 124 units
» Popeyes is the world’s second largest quick-service chicken concept, with 3,000 units
» New 2020 construction featuring dedicated drive-thru for added customer convenience

POPEYES U.S. SAME-STORE SALES CLIMBED 29.2% DURING THE FIRST THREE MONTHS OF 2020, OUTPACING ALL COMPETITORS
» Popeyes’ new chicken sandwich has provided a historic sales boost – visits are 114.8% above the company’s baseline since the chicken sandwich launched
» Popeyes is proving to be COVID-proof and a pioneer in the fast food industry with its delivery program
» Popeyes has ramped up delivery significantly in the U.S. resulting in $250MM in additional revenue

HIGH-TRAFFIC LOCATION IN DENSELY POPULATED, GROWING, AND AFFLUENT AREA
» Located on Georgia 49, with visibility and access to 16,800 vehicles per day in front of the site
» Central location at the confluence of highly trafficked Georgia thoroughfares, including Interstate 75 and U.S. Route 41 (combined 107,800 AADT)
» 38,571 residents within a five-mile radius of the property, providing a large customer base for the location
» Average household income of $80,602 within a five-mile radius of the site
» Projected 11 percent average annual household income increase within one mile of the site in the next five years

INFILL LOCATION IN PRIMARY RETAIL CORRIDOR NEAR MAJOR COMMUNITY HUBS
» Neighbored by Peach Shops at Byron, one of Byron’s primary retail centers featuring 18 stores and mixed retailers
» Surrounded by national retailers, including Chick-fil-A, Subway, Zaxby’s, Burger King, McDonald’s, Denny’s, Hardee’s, and many more
» Two miles from the two top-ranked schools in the Peach County School District, Byron Elementary School and Byron Middle School (combined 983 students)
» Within one mile of eight hotels, significantly increasing foot traffic to the site
» Beneficial proximity to Middle Georgia Regional Airport (1.2 million annual boarded passengers)

Property Description

SOLD

The property is infill real estate along Georgia State Route 49, Byron’s primary east-west thoroughfare, with excellent visibility and access to 16,800 vehicles per day. The site experiences increased traffic from its location at the confluence of highly trafficked Georgia thoroughfares, including Interstate 75 and U.S. Route 41 (combined 107,800 AADT). The site is located in the densely populated Peach County area, with 38,571 residents living within a five-mile radius of the site. Visibility is increased by the property’s central location in an affluent area, with an average household income of $80,602 within a five mile radius of the site. The property is primed to grow along with the surrounding area, with a projected 11 percent average annual household income increase within one mile of the site in the next five years.

The site is located in Byron’s primary retail corridor and near major community hubs. The property is neighbored by Peach Shops at Byron, one of Byron’s primary retail centers featuring 18 stores. Surrounding the location is the primary retail corridor of Byron with a strong mix of well-established local and national retailers, including Chick-fil-A, Subway, Zaxby’s, Burger King, McDonald’s, Denny’s, Hardee’s, and many more. The property benefits from its convenient location two miles from the two top-ranked schools in the Peach County School District, Byron Elementary School and Byron Middle School (combined 983 students). The location is also within one mile of eight hotels and maintains a beneficial proximity to Middle Georgia Regional Airport, which experiences 1.2 million annual boarded passengers.