Single Tenant Business for sale in Center Point, AL
Popeye’s – Center Point, OK
Offer Price
$2,583,000
Single tenant
About this property
Popeye’s – Center Point, OK
Popeyes has a Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew! The Tenant, Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026), making it the 6th largest Freddy’s franchisee in the U.S., and 33 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (84 TOTAL UNIT GUARANTY). It is Successfully open & operating since 2013 with an attractive 7.54% Rent to Sales Ratio!
The Asset is Situated on a signalized corner on a ±0.71-acre lot with excellent drive-by visibility/ access on Center Point Pkwy with traffic counts of 23,523 CPD! Nearby major retailers within 5-miles include Walmart, ALDI, Food Giant, Dollar Tree, Family Dollar, Harbor Freight, America’s Thrift Store, Hibbett, City Gear, NAPA Auto Parts, O’Reilly Auto Parts, Sherwin Williams, CVS, Planet Fitness; Dining options include Chick-Fil-A, McDonald’s, Wendys’, Sonic Drive-In, KFC, Taco Bell, Arby’s, Pizza Hut, Little Caesars, Waffle House, Subway, Krystal, Captain D’s, Church’s Chicken, Hardee’s, etc. 12.5 miles from UAB St. Vincent’s Birmingham – a 409- bed acute care hospital and emergency room that delivers comprehensive, spiritually centered medical & surgical care, offering advanced specialties & state-of-the art services while earning longstanding recognition for excellence; 13 miles from University of Alabama Birmingham – a major public research university & academic health center, known for its strong focus on health sciences, engineering & business, offering extensive undergraduate, graduate & doctoral programs, serving 20,868 students.
Property Highlights BRAND NEW 20-YEAR ABSOLUTE NNN LEASE: Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew!
STRONG SALES PERFORMANCE: Successfully open & operating since 2013 with an attractive 7.54% Rent to Sales Ratio!
2025 DEMOGRAPHICS: Total Population (5MI): 91,372 | Average Household Income (1MI): $84,346
TENANT | GUARANTOR: Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026), making it the 6th largest Freddy’s franchisee in the U.S., and 33 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (84 TOTAL UNIT GUARANTY). ** All units back the performance of the lease!**
TRAFFIC COUNTS: Situated on a signalized corner on a ±0.71-acre lot with excellent drive-by visibility/ access on Center Point Pkwy with traffic counts of 23,523 CPD!
Year built: 2013
CAP rate: 6.00%
Tenant: Ram-Z Roost, LLC
Lease type: Absolute NNN
Lease expiration: 02/28/2046
Details: Four 5-Year Renewal Options
Building size: 2454 sq ft
Property Details
Location
Business Details
Pricing Details
Listing Information
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.