July 3, 2024 – Jack Laurendeau, Bob Horvath and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of a Popeyes in Burlington, New Jersey. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,247,000.
Popeyes is located at 1800 Mt Holly Road in Burlington, New Jersey. The new construction Popeyes was completed in 2024 and features a 2,518 square foot building on a 0.61-acre parcel with a drive-thru. Popeyes has a new 20 year Absolute NNN Ground Lease with two (2), 5-year renewal options. The lease features attractive 10% rent increases every five-years throughout the primary lease term and at the start of each of their renewal options. Popeyes is ideally situated at the signalized intersection of Kelly Drive and Mount Holly Road (NJ Route 541), the area’s primary commercial and commuter corridor. The Property is surrounded by national retailers and restaurants that drive traffic to the area, and densely populated residential communities and neighborhoods that provide a built-in customer base. Additionally, the Property enjoys convenient access to US Route 130 and Interstate 295, and is 1.3-miles from Burlington Township High School and 2.5-miles from the Virtua Willingboro Hospital. Burlington is located in central New Jersey and is approximately 20-miles from Philadelphia, PA.
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.