This Popeyes investment offers a compelling brand-new 15-year absolute NNN sale-leaseback with two 5-year renewal options and 10% rent increases every five years, providing long-term passive income and an effective inflation hedge. Backed by experienced franchisee AP Northeast Management and The Parikh Network, which operates 125+ Popeyes locations, the property benefits from strong tenant credit and an established retail corridor adjacent to BJ’s Wholesale Club. The 2022-built, drive-thru property offers zero landlord responsibilities, tax depreciation benefits, and strong demand from a dense trade area with 38,000+ residents within one mile and 7,500 students nearby.
Brand New 15 Year NNN Sale Leaseback Opportunity
Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
Established Franchisee Guarantee
The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi unit restaurant operator with a significant quick-service portfolio.
INVESTMENT-GRADE TENANT – 2ND LARGEST CHICKEN CHAIN
Popeyes is a globally recognized quick-service restaurant brand operating under Restaurant Brands International (NYSE: QSR), which reported approximately $9.26 billion in systemwide sales in 2025.