Overview
This portfolio consists of two (2) Popeyes restaurants, each executing a new 15-year absolute NNN lease with two (2) five-year renewal options, providing long-term, passive income. Both leases are backed by AP Northeast Management LLC, a seasoned multi-state, multi-unit restaurant operator with a robust quick-service portfolio. The brand operates under Restaurant Brands International (NYSE: QSR), which reported $9.26 billion in systemwide sales in 2025. Built in 2022, each property features a drive-thru configuration, high visibility, excellent ingress/egress, and strong consumer accessibility.
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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