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1565 W Main StWillimantic, CT 06226
Popeyes - Willimantic, CT
Asset ClassRetail
BRAND NEW NNN LEASEBACK | TOP FRANCHISEE OPERATOR
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Overview

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.

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Investment Highlights

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.

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1565 W Main StWillimantic, CT 06226
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