9036 Eastchase Pkwy, Montgomery, AL 36117
3,092 SF | Retail Building | Montgomery, AL 36117 | $1,779,000 ($575/SF) | 6.25% Cap Rate
For Sale
Active
4 pictures
Asking Price $1,779,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,092 SF
- Price / Square Foot
- $575
Listing Contacts
Gary Chou
Matt Coates
Calvin Short
Aron Cline
Rad Werssowetz
Property Overview
PROPERTY HIGHLIGHTS
• Long-term investment | 19 years remaining on the absolute NNN lease | Zero Landlord responsibilities
• Unique rental increases | 2% annual increases with a one-time, 6.41% increase in 2026
– Yields a rare, minimum average CAP of 7.81% over the remaining base term, assuming purchase at List Price
• Strong & experienced operator | Tenant operates 61 Popeyes through AL, GA, and FL
• Ideal retail corridor, walking distance to:
– I-85 which sees 67,360 VPD
– East Chase Market Center | Costo-anchored shopping center | Other tenants include Hobby Lobby, JOANN Fabric, ULTA, Old Navy, Michaels, Shoe Station, among others
– The Venue | Best Buy Superstore & Burlington-anchored shopping center
– Chantilly Station | A Walmart Supercenter-anchored shopping center
– A Home Depot & AMC-anchored shopping center
– A proposed 264-unit apartment complex adjacent to Walmart
– A Renfroe’s Market-anchored shopping center
– 10+ hotels/inns
• Less than 1.5 miles from The Shoppes at EastChase | 757,836 SF openair lifestyle center containing 65+ stores | Anchored by Dillard’s,
Target, Marshalls & HomeGoods,Kohl’s, and ALDI
– Part of the 330-acre, mixed use development with nearly 1.4MM SF of retail space, four hotels, and a 100,000 SF class A office building
(Lakeview Center
• Less than 3 miles from Auburn University at Montgomery | 4,517 students
• Direct access and visibility from Eastchase Pkwy which sees 17,600 VPD
POPEYES HIGHLIGHTS
• Popeyes was acquired by Restaurant Brands International in 2017 for $1.8B
• Popeyes is the 2nd largest chicken chain in the U.S. with 3,050+ units(4,220+ units globally)
– Plans to grow to 4,200 total U.S. & Canada locations by 2028
– Plans to grow to 7,000 global locations by 2028
– $6.8B in systemwide sales in 2023
• #3 QSR in the Chicken Segment for U.S. systemwide sales, according to QSR Magazine | See page 12 for more info
• #3 in QSR wings segment
• The introduction of the chicken sandwich increased the average unit volume for Popeyes by over 25% | Click here for more info
• Long-term investment | 19 years remaining on the absolute NNN lease | Zero Landlord responsibilities
• Unique rental increases | 2% annual increases with a one-time, 6.41% increase in 2026
– Yields a rare, minimum average CAP of 7.81% over the remaining base term, assuming purchase at List Price
• Strong & experienced operator | Tenant operates 61 Popeyes through AL, GA, and FL
• Ideal retail corridor, walking distance to:
– I-85 which sees 67,360 VPD
– East Chase Market Center | Costo-anchored shopping center | Other tenants include Hobby Lobby, JOANN Fabric, ULTA, Old Navy, Michaels, Shoe Station, among others
– The Venue | Best Buy Superstore & Burlington-anchored shopping center
– Chantilly Station | A Walmart Supercenter-anchored shopping center
– A Home Depot & AMC-anchored shopping center
– A proposed 264-unit apartment complex adjacent to Walmart
– A Renfroe’s Market-anchored shopping center
– 10+ hotels/inns
• Less than 1.5 miles from The Shoppes at EastChase | 757,836 SF openair lifestyle center containing 65+ stores | Anchored by Dillard’s,
Target, Marshalls & HomeGoods,Kohl’s, and ALDI
– Part of the 330-acre, mixed use development with nearly 1.4MM SF of retail space, four hotels, and a 100,000 SF class A office building
(Lakeview Center
• Less than 3 miles from Auburn University at Montgomery | 4,517 students
• Direct access and visibility from Eastchase Pkwy which sees 17,600 VPD
POPEYES HIGHLIGHTS
• Popeyes was acquired by Restaurant Brands International in 2017 for $1.8B
• Popeyes is the 2nd largest chicken chain in the U.S. with 3,050+ units(4,220+ units globally)
– Plans to grow to 4,200 total U.S. & Canada locations by 2028
– Plans to grow to 7,000 global locations by 2028
– $6.8B in systemwide sales in 2023
• #3 QSR in the Chicken Segment for U.S. systemwide sales, according to QSR Magazine | See page 12 for more info
• #3 in QSR wings segment
• The introduction of the chicken sandwich increased the average unit volume for Popeyes by over 25% | Click here for more info
Property Details
- Class
- C
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 42,253 SF
Highlights
- Long-term investment | 19 years remaining on the absolute NNN lease | Zero Landlord responsibilities
- Unique rental increases | 2% annual increases with a one-time, 6.41% increase in 2026 | Average CAP of 7.81% over remaining Base Term
- Strong & experienced operator | Tenant operates 61 Popeyes through AL, GA, and FL
- Popeyes was acquired by Restaurant Brands International in 2017 for $1.8B
- Popeyes is the 2nd largest chicken chain in the U.S. with 3,050+ units(4,220+ units globally)
- #3 QSR in the Chicken Segment for U.S. systemwide sales, according to QSR Magazine
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