August 8, 2023 – Hobart Hare, Hannah Merson and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of Popeyes in Raytown, Missouri. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,610,000.
The Popeyes is located at 7601 Raytown Road in Raytown, Missouri. Popeyes has been at this location since 2014 and has 10 years remaining on their Triple Net (NNN) lease. The Property is operated by an experienced franchisee with more than 20 years of experience and over 70 units (Popeyes and Tim Hortons). The lease calls for attractive 7.5% rent increases every 5-years throughout the primary lease providing a steady increase in income and an attractive hedge against inflation. The property is strategically located at the signalized intersection of Raytown Road and Blue Parkway (MO Route 350), the area’s primary commercial and commuter corridors. The property benefits from outstanding visibility, frontage, and access, and enjoys traffic counts in excess of 40,000 vehicles per day. The property sits in the heart of a dense retail corridor and is surrounded by national retailers driving traffic to the area including Walmart Supercenter, Hy-Vee, ALDI, Walgreens, Applebee’s, McDonald’s, Burger King, Dutch Bros Coffee, Scooter’s Coffee, and IHOP. Additionally, the Property is close to area schools, is 2.5-miles from Interstate 435, and 12-miles from Downtown Kansas City.
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.