Overview
Popeyes is executing a new 15-year absolute NNN lease with two (2) five-year renewal options, offering long-term passive income. The brand operates under Restaurant Brands International (NYSE: QSR), which reported $9.26 billion in systemwide sales in 2025. The site is positioned near a newly opened Chipotle Mexican Grill and within three miles of a proposed 93,000 SF industrial development in Naugatuck Industrial Park, supporting continued growth and traffic.
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.
STRONG REAL ESTATE FUNDAMENTALS
Built in 2022, the 1,77 SF building sits on approximately 0.50 acres and features a drive-thru configuration with 14 parking spaces. Positioned on a high-visibility four-way roundabout, the site offers excellent ingress/egress and strong consumer accessibility.
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