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Popeyes | 12.5Y NNN Lease | 163-Unit Operator 12622 Long Beach Blvd
2,420 SF Retail Building Lynwood, CA 90262 $5,257,084 CAD ($2,172 CAD/SF) 4.50% Cap Rate
Investment Highlights
- EXCELLENT LOCATION IN A DENSE AND DYNAMIC MARKET
- ESTABLISHED NATIONAL TENANT
- Attractive Rental Increases
- STABLE INVESTMENT WITH NO LANDLORD RESPONSIBILITIES
- Shadow Anchored by Walmart Supercenter
Executive Summary
• Prime Corner Location with Exceptional Visibility – Strategically positioned at the intersection of Long Beach Blvd and Orchard Ave, this site benefits from prime frontage with an average of 33,500 vehicles per day on Long Beach Blvd, driving consistent customer visibility.
• High-Traffic Retail Corridor – Just one block from a Walmart Supercenter with 2.9 million annual visitors, with additional exposure from surrounding major roads, including Rosecrans Ave (37,783 VPD) and proximity to the I-105 Freeway (225,000 VPD).
• Demographics in a Dense Market – The location boasts outstanding demographics, with a 1-mile population of 43,124 and an impressive 5-mile population of 852,530.
• Strategic Economic Growth – Situated within the expansive Los Angeles Metropolitan Statistical Area, the property benefits from a dynamic economy, offering an opportunity for long-term growth.
ESTABLISHED NATIONAL TENANT
• Iconic American Fried Chicken Chain – Founded in 1972, Popeyes® is a globally recognized brand headquartered in Miami, Florida, celebrated for its signature fried chicken and Southern-inspired menu.
• Extensive Global Presence – With over 3,900 locations across 30 countries, Popeyes® continues to grow its footprint, demonstrating its strong brand appeal and successful expansion strategy. Backed by Restaurant Brands International, Popeyes® benefits from the stability and resources of one of the world’s largest quick-service restaurant
companies, ensuring consistent performance and operational excellence.
STABLE INVESTMENT WITH NO LANDLORD RESPONSIBILITIES
• NNN Lease – Popeyes® operates under a NNN lease, ensuring no involvement or responsibilities for the landlord.
• Long-Term Stability and Renewal Options – Popeyes® lease includes rental increases of 10% every 5 years with four additional 5-year renewal options.
• Significant Remaining Lease Term – With 12.5 years remaining on the initial lease term, the property offers a stable and reliable investment opportunity with long-term cash flow.
• Recent Renovations – Originally built in 2017 and newly renovated in 2020, the property includes modern construction and updated features.
Property Facts
Amenities
- Signage
- Drive Thru
- Monument Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Net
- Jun 2037
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Net | Jun 2037 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6177-003-040 | Improvements Assessment | $2,034,855 CAD |
| Land Assessment | $3,404,227 CAD | Total Assessment | $5,439,082 CAD |
PROPERTY TAXES
Presented by
Popeyes | 12.5Y NNN Lease | 163-Unit Operator | 12622 Long Beach Blvd
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