Single Tenant Business for sale in Tuscaloosa, AL
Popeye’s – Tuscaloosa, OK
Offer Price
$2,667,000
Single tenant
About this property
Popeye’s – Tuscaloosa, 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 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 2007 with an attractive 7.55% Rent to Sales Ratio!
The Asset is Well-positioned just off the hard corner in dominant retail corridor on a ±0.574- acre lot with exceptional visibility/access on US-82/McFarland Blvd E, the market’s primary north/south corridor, with traffic counts of 51,183 CPD! Just north of the I-20 exit ramp, benefitting from high traffic counts of 61,863 CPD! Nearby major retailers in Tuscaloosa include Walmart, Sam’s Club, Target, Lowe’s, Home Depot, Academy Sports + Outdoors, Dick’s Sporting Goods, Old Navy, T.J. Maxx, Ross Dress for Less, DSW, Barnes & Noble, Ulta Beauty, Best Buy, World Market, Five Below, Michaels, Ollie’s Bargain Outlet, ALDI, The Fresh Market, PetSmart, Pet Supplies Plus, Ashley Store, CMX Cinemas, Planet Fitness, Bowlero. It is 3 miles from The University of Alabama – a public research university offering programs of study in 12 academic divisions leading to bachelor’s, master’s, education specialist & doctoral degrees, serving 42,360 students; Less than 3 miles from DCH Regional Medical Center – a 583- bed public, not-for-profit hospital & medical complex, offering a full range of advanced services – including cancer care, cardiology, invasive surgery & advanced trauma center, serving the West Alabama region.
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 2007 with an attractive 7.55% Rent to Sales Ratio!
2025 DEMOGRAPHICS: Total Population (5MI): 131,105 | Average Household Income (1MI): $77,875
TENANT | GUARANTOR: The Tenant 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: Well-positioned just off the hard corner in dominant retail corridor on a ±0.574- acre lot with exceptional visibility/access on US-82/McFarland Blvd E, the market’s primary north/south corridor, with traffic counts of 51,183 CPD! Just north of the I-20 exit ramp, benefitting from high traffic counts of 61,863 CPD!
Year built: 2007
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: 2493 sq ft
Property Details
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Business Details
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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.