Popeyes
1515 E Union St, Vienna, Georgia 31092
$1,179,100
$406 / sq ft 9% cap rate Listed Aug 28, 2026
2,904 sqft
Building
1 acres
Lot
1989
Built
1
Stories
1
Units
Class B
Class
About this property
Popeyes is a retail for sale in Vienna, Georgia, listed at $1,179,100. Key details: year built 1989, building size 2,904 sqft, lot size 1 acres, stories 1. Listed by Ayson Shammami of APEX Commercial Real Estate Advisors on LoopingCloud and last updated August 28, 2026.
High-Yield 9.00% Cap Rate Popeyes NNN Investment | Vienna, GA
An exceptional high-yield commercial real estate investment opportunity situated directly along the Interstate 75 freeway interchange in Vienna, Georgia. Offered at an attractive price point with a high 9.00% cap rate, this freestanding 2,904-square-foot QSR building sits on an expansive 1.21-acre parcel. Fully leased to the nation's largest Popeyes operator, this single-tenant asset generates $106,119 in annual Net Operating Income (NOI) with built-in rent increases and minimal landlord responsibilities.
Investment Specifications & Financial Overview
-
Purchase Price: ~$1,179,100
-
Cap Rate: 9.00%
-
Annual NOI: $106,119
-
Tenant / Brand: Popeyes Louisiana Kitchen
-
Lease Guarantor: #1 Largest Popeyes Franchisee Nationwide (Operator of 550+ Burger Kings & 290+ Popeyes)
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Building Size: 2,904 SF (Class B Retail / Restaurant)
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Lot Size: 1.210 Acres
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Year Built: 1989
-
Zoning: C-2 (General Commercial)
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Occupancy: 100% Single-Tenant
-
Lease Structure: Modified Double Net (NN+)
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Remaining Lease Term: 5.3 Years (Expiration: November 30, 2031)
-
Rent Escalations: 10% Rent Increases Every 5 Years
-
Renewal Options: Four (4) Additional 5-Year Renewal Options
Strong Franchisee Guarantee & Global Brand Strength
Popeyes remains one of the world's fastest-growing quick-service restaurant chains under parent company Restaurant Brands International (RBI). This specific offering combines global brand recognition with top-tier franchisee security:
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Nation's #1 Popeyes Franchisee: The lease is backed directly by the largest Popeyes franchisee in the country, an experienced multi-brand operator managing over 840 total locations across the United States.
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Inflation-Protected Cash Flow: Features contractual 10% rent increases every 5 years, ensuring steady NOI growth throughout the initial term and renewal options.
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Passive Ownership Structure: The NN+ lease framework limits landlord responsibilities, delivering predictable cash flow with low administrative burden.
Strategic Interstate 75 Interchange Location
Positioned directly off Interstate 75 along E Union Street and State Highway 215, the site benefits from continuous regional and interstate traveler traffic:
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High-Volume Freeway Visibility: I-75 serves as the primary north-south transit artery running from Michigan to South Florida, exposing the restaurant to over 48,000 vehicles per day (VPD).
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Prime Corner Position: Excellent access with direct highway on/off-ramp proximity, dedicated drive-thru queueing, and ample parking on a spacious 1.21-acre lot.
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Established Retail Cluster: Surrounded by complementary national fuel and retail brands, including McDonald's, Subway, Dollar General, Piggly Wiggly, Shell, Chevron, and PNC Bank.
Key Investment Highlights
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High 9.00% Cap Rate delivering $106,119 in immediate annual NOI.
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Guaranteed by Premier Operator managing hundreds of QSR locations nationwide.
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10% Rent Bumps Every 5 Years driving long-term yield enhancement.
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Prime Interstate Exit Position capturing high-volume I-75 traffic (48,000+ VPD).
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Generous 1.21-Acre Site featuring a full-service drive-thru layout and flexible C-2 zoning.
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Backed by RBI Corporate Brand Power operating thousands of locations globally.
Key highlights
- Occupied
- Net Lease Investment
- Tenancy Single
- Brand/Tenant Popeyes
- Lease Type NN+
- Lease Term 15
- Lease Expiration 11/30/2031
- Remaining Term 5.3
- Rent Bumps Yes
- Lease Options 4 , 5 Years
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1989
- Building Size
- 2,904 sqft
- Lot Size
- 1 acres
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $106,119
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
9%
Cap rate
$106,119
Net operating income
$406
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,179,100 | 9% | - | - | - |
Features and amenities
Property Features
- Tenancy: Single
- Brand/Tenant: Popeyes
- Lease Type: NN+
- Lease Term: 15
- Lease Expiration: 11/30/2031
- Remaining Term: 5.3
- Rent Bumps: Yes
- Lease Options: 4 , 5 Years
- Zoning: C-2
- Tenant Credit: Franchisee
- Lease Commencement: 12/01/2016
Highlights
- 5+ Years Remaining on a Double Net Lease With Fee Simple Interest
- Established, High Credit Single Tenant Fast Food Restaurant – Popeyes Operator is an Experienced Multi-Brand Operator Operating More Than 550 Burger Kings and 290 Popeyes. Lease Guarantor is the #1 largest Popeyes Franchisee
- Attractive Rent Increase – Increasing 10% Every Five Years With Recent Increase
- Highway interstate interchange location serving Atlanta metro traveler traffic
- Strategically Located Along Interstate 75 Which Travels From the Tip of Michigan Down Through the West Coast of Florida, Exposing the Restaurant to Thousands of Travelers
- Situated Along E Union Street & State Highway 215 With Direct On/Off Ramp Access to Interstate 75 With Over 48,000 VPD
- Nearby Tenants Include: Subway, Dollar General, Piggly Wiggly, PNC Bank, Shell, Chevron, McDonald’s, NAPA and Auto Parts Etc.
- Strong Passive Investment Opportunity Featuring a Stable NN Lease Structure With Limited Landlord Responsibilities, Allowing for Predictable Cash Flow and Reduced Management Burden for Investors.
- Large 1.21 Acre Parcel With Excellent Site Access, Ample Parking, and Efficient Drive-Thru Configuration, Designed to Support High Customer Volume and Long-Term Operational Success.
- Strategically Surrounded by National Retailers, Fuel Stations, and Hospitality Operators Creating Strong Retail Synergy and Consistent Consumer Traffic Within the Immediate Trade Area.
- Globally Recognized Quick-Service Restaurant Brand Supported by Restaurant Brands International (RBI), One of the Largest Restaurant Companies in the World With Billions in Annual Systemwide Sales and Thousands of Locations Worldwide.
Location
Address as shown by the lister.
Get directionsAbout this area - Vienna
- Population
- 5,680
- Housing units
- 2,433
- Land area
- 183.9 sq mi
- County
- Dooly
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadAdditional contacts
2 people to reach- Sal Yaldo - sal@apexre.comManaging Partner - LIC: MI 6501443637 (248) 579-5045
- Brian Brockman - bor@bangrealty.comIn-State Broker - License: IL #471020548 (513) 898-1551
Frequently asked questions
What is the asking price of Popeyes?
Popeyes is listed at $1,179,100. That works out to about $406 per square foot. The stated cap rate is 9%.
Where is Popeyes located?
The property is in 1515 E Union St, Vienna, Georgia 31092, Dooly County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 2,904 sqft. The lot is 1 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Ayson Shammami of APEX Commercial Real Estate Advisors listed this property. Use the Request Info button to send a message or call (248) 554-5709.
When was this listing published?
It was published on August 28, 2026 and last updated on August 28, 2026.
Listing information
- Listing ID
- CL-Georgia-28368
- Published
- Aug 28, 2026
- Last updated
- Aug 28, 2026
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