September 18, 2023 – Jack Laurendeau of Horvath & Tremblay has successfully completed the sale of Popeyes in Keystone Heights, Florida. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,200,000.
Popeyes is located at 200 Green Way in Keystone Heights, Florida. The new construction restaurant has a 20-year Absolute NNN Lease with four (4), 5-year renewal options. The lease features attractive 10% rent increases every 5-years throughout the base term and renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The Operator is a highly awarded franchisee currently operating more than 150 locations. The new construction property is strategically located along Highway 100, the area’s primary commercial and commuter corridor, and benefits from outstanding frontage and visibility. The Property is adjacent to the signalized intersection of Highway 100 and State Road 21 and is surrounded by national retailers that drive traffic to the area.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.