January 19, 2024 – Rob DiFranco and Hernando Perez of Horvath & Tremblay have successfully completed the sale of Popeyes in Kennedale, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $2,500,000.
The Popeyes is located at 5330 Kennedale Sublett Road in Kennedale, Texas. The new construction restaurant has a 20-year Absolute NNN Lease with six (6), 5-year renewal options. The lease features attractive 7.5% rent increases every 5-years throughout the base term and renewal options, providing the investor with an attractive increase in revenue and a hedge against inflation. The Operator is a highly awarded franchisee currently operating more than 75 locations. The Popeyes lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor. Popeyes is strategically located along Kennedale Sublett Road, seconds from the intersection with US Highway 287, the area’s primary commuter corridor. The Property is part of a dense retail cluster that centered around the intersection that is home to two Grocery stores (Kroger & Albertsons), LA Fitness and Dollar General, as well as several national restaurants including Chick-fil-A, McDonald’s, Starbucks, and Jack in the Box that drive traffic to the area. Additionally, the Property is surrounded by densely developed residential communities, and several area schools that provide a built-in customer base.
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.