We run the asking price and cap rate against a network of 7,000+ lenders to return
indicative terms, then package a lender memorandum. Takes about two minutes and we
will need your target leverage and timing.
Lease
Lease typeAbsolute NNN
Term remaining—
Expiration—
Rent bumps—
Options—
Ground lease—
Credit profileFranchisee
TenancySingle
Planning a 1031 Exchange
Give us your relinquished sale close date and we will calculate your 45-day
identification and 180-day closing deadlines, track the clock, and surface matching
inventory before it expires. We coordinate directly with your Qualified Intermediary
and can introduce one if you have not yet engaged an exchange accommodator.
Investment Grade does not provide tax or legal advice.
Property
Building SF3,347
Price / SF$859
Year built2021
Lot size1.07 ac
TypeQSR/Fast Food, Restaurant
Days on market123
Need year-one bonus depreciation
Building age, size and improvement mix drive how much of this asset a cost
segregation study can accelerate into year one. Tell us your tax year and entity
and we will model the deduction.
Investment highlights
True Absolute NNN Investment - A fully passive investment with zero landlord responsibilities, as the tenant directly covers all operating expenses, including taxes, insurance, maintenance, repairs, and utilities.
Upcoming 2027 Rent Increase - A scheduled seven percent (7.0%) rent increase in June 2027 strengthens the asset’s income profile, raising the annual rent from $165,016.99 to $176,568.18, and enhancing the in place cap rate from 5.50% to approximately 5.89% at today’s pricing. This built in cash flow bump provides investors with an immediate NOI and cap rate lift early in the hold period.
Top Performing Location - According to Placer.ai data, this Popeyes location ranks among the best performing stores in New Mexico and nationally, placing #2 out of 14 locations statewide (92nd percentile) and #356 out of 2,656 locations nationwide (86th percentile), underscoring exceptional customer traffic, brand strength, and unit level performance.
Long-Term Popeyes Lease - Secured by a brand-new twenty (20) year lease with approximately sixteen (16) years of firm term remaining, offering durable, predictable cash flow ideal for 1031 exchange and long term hold investors.
Double Drive-Thru Configuration - Equipped with a double drive thru, the property is built for maximum order volume and peak-hour efficiency, supporting strong unit economics and sustained sales performance.
New 2021 Construction Featuring the Latest Popeyes Prototype - Delivered in 2021, the building reflects Popeyes’ newest design standards, modern branding, and an efficient operational layout, reducing near term capital expenditure risk and ensuring long run competitiveness.
Take the next step on this property
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transactions there is no separate fee to you.
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Asking-market observation aggregated from public listing sources, last
observed Sep 18, 2026.
Figures are asking price and asking cap rate as published by the listing party, not a
verified closed transaction. Lease terms shown where reported by the listing party and
not independently verified. Shown for market reference only; this is not an offering.
Investment Grade Income Property, LP represents buyers on a cooperating commission basis.