January 6, 2025 – Chris King and Adam Podbelski of Horvath & Tremblay has successfully completed the sale of a Popeyes in Harrison, Arkansas. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,390,000.
Popeyes is located at 627 N Highway 62/65 in Harrison, Arkansas. The Property consists of a 3,300 square foot building with a drive thru. Popeyes has 12+ years remaining on their Triple Net (NNN) Lease with two (2), five-year renewal options. The lease calls for attractive 10% rent increases every 5-years throughout the primary lease term and at the start of each renewal option period providing the investor with an attractive increase in revenue and a hedge against inflation. The property is a pad site to a Tractor Supply, Big Lots, and Dunham’s Sports anchored shopping center and is extremely well located along US Highway 62 65 N, the area’s primary commercial and commuter corridor. Popeyes is surrounded by national retailers and restaurants, and large industrial and manufacturing facilities that drive traffic to the area. The Property is also convenient to area schools and the town’s residential neighborhoods providing a built-in customer base. Harrison is in north central Arkansas approximately 70-miles east of Fayetteville.
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.