June 13, 2024 – Zach Smith, Michael Talbert and Dan Bernardini of Horvath & Tremblay have successfully completed the sale of Popeyes in Lawrenceville, Georgia. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,650,000.
Popeyes is located at 1248 Old Peachtree Road NW in Lawrenceville, Georgia. The new construction Popeyes consists of a 2,145 square foot building with a drive thru. Popeyes has a new 15-year Absolute NNN Lease with three (3), five-year renewal options and features 10% rent increases every five years throughout the base term and option periods. The property is extremely well located at the signalized intersection of Northbrook Parkway and Old Peachtree Road NW, two of the area’s primary commercial corridors. The new construction Popeyes is across the street from a luxury residential community, and is surrounded by national retailers and large industrial warehouses, distribution centers and manufacturing facilities that drive traffic ot the area. The Property is also surrounded by residential neighborhoods and new construction residential developments that provide a built-in customer base. The Property is 0.3-miles from Interstate 85, and is within 1.75-miles of the Peachtree Ridge High School. Lawrenceville is a suburb of Atlanta, Georgia, and is positioned 27-miles northeast of the city.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in 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.