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.