corporate popeyes nnn lease | … popeyes nnn lease | charlotte, nc ... area’s best places to live...

FOR SALECORPORATE POPEYES NNN LEASE | CHARLOTTE, NC METRO

3430 E. FRANKLIN BLVD. | GASTONIA, NORTH CAROLINA 28056

POPEYES - GASTONIA, NCF O R S A L E

1616 CAMDEN RDSUITE 550

CHARLOTTE, NORTH CAROLINA 28203

PRESENTED BY :

HENRY [email protected]

phone: 704.644.4580

THURMAN [email protected]

phone: 704.644.4585

WWW.PROVIDENCEGROUP.COM

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PROPERTY INFORMATION

LEASE OVERVIEW

ABOUT POPEYES

LOCATION MAPS

BUILDING PHOTOGRAPHY

DEMOGRAPHIC SNAPSHOT

SITE PLAN

FLOOR PLAN

MARKET AERIALS

REGIONAL EXPENDITURES MAP (FOOD & BEVERAGE) 2014

GASTONIA MARKET OVERVIEW

TABLE OF CONTENTS

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PROPERTY INFORMATION

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THE OFFERING

Property Popeyes Louisiana Kitchen, Inc.

Property Address 3430 E. Franklin Blvd, Gastonia, NC 28056

Zoning C-3

Parcel Number Gaston Co. PIN: 3565754729

SITE DESCRIPTION

Year Built 1993 / Renovated in 2014

Building Size 2,912 SF

Lot Size 1.021 Acres

Parking 48 Spaces

Seating 60 Seats

PROPERTY & INVESTMENT HIGHLIGHTS

• Freestanding restaurant leased to Popeyes corporate (PLKI).

• Absolute NNN lease with 10% rent increases every five years.

• Popeyes has 2,539 restaurants in the US & 27 countries.

• Publicly traded on NASDAQ: PLKI

• No landlord responsibilities

• Four 5-year extension options

• A top food & beverage expenditure trade area in Charlotte MSA

• 38,000 VPD in front of site on E. Franklin Blvd.


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LEASE OVERVIEW

OVERVIEW

Original Lease Term 20 years (Absolute net)

Rent Increases 10% every five years

Rent Commencement 12/06/14

Rent Expiration 12/05/34

Annual Rent Years 1 - 5 = $118,000

Years 6 - 10 = $129,800

Years 11 - 15 = $142,780

Years16 - 20 = $157,058

Options Four (4) Five (5) year

Years 21 - 25 = $172,763.80

Years 26 - 30 = $190,040.18

Years 31 - 35 = $209,044.20

Years 36 - 40 = $229,948.62

TenantPopeyes Louisiana Kitchen, Inc.

a Minn. Corporation

Asking Price $2,313,725 (5.1% cap)


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ABOUT POPEYES

POPEYES LOUISIANA KITCHEN, INC.

Founded in Atlanta in 1992 as AFC Enterprises, Inc., the Company is a developer, operator and franchisor of quick-service

restaurants (“QSRs” or “restaurants”) under the trade name, Popeyes® Louisiana Kitchen and Popeyes® Chicken & Biscuits.

In January 2014, AFC Enterprises, Inc. changed its corporate name to Popeyes Louisiana Kitchen, Inc. and is traded on

Nasdaq under the ticker symbol “PLKI”.

POPEYES PROFILE

The Popeyes® brand was founded in New Orleans, Louisiana in 1972 and is the world’s second largest quick-service chicken concept

(based on the number of units). Within the QSR industry, Popeyes distinguishes itself with a unique “New Orleans” style menu that

features spicy chicken, chicken tenders, fried shrimp and other seafood, as well as jambalaya, Red Beans and Rice and other regional

items. Popeyes is a highly differentiated QSR brand with a passion for its Louisiana heritage and flavorful authentic food.

Popeyes serves food the world craves and is continuing to expand its global reach. The Company operates and franchises

over 2,000 Popeyes restaurants worldwide. Of the 1,600 domestic franchised restaurants, approximately 70% are

concentrated in Texas, California, Louisiana, Florida, Illinois, Maryland, New York, Georgia, Virginia and Mississippi. Of the

nearly 400 international franchised restaurants, approximately 55% are located in Korea, Canada and Turkey. More than

90% of the company-operated restaurants are concentrated in Louisiana and Tennessee.


LOCATION MAPS

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!

Site

E Trade St

MarketSt

W Trade St

Groves

St

Dallas-Cherryville Hwy

Main S

t

Perfection Rd

Park

St

SMa

in S tW 1st St

Lowell Rd

E Franklin Blvd

Hoffm an Rd

Red bud

Dr

Kendr ick Rd

Davis

ParkRd

Rob

inso

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W Wilkinson Blvd

BessemerC

ity Rd

WCharlotte Ave

E Garrison Blvd

E Ozark

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Union

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Hickory

Grove Rd

Keener

Blvd

W

Catawba Ave

Cox

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South PointRd

Beaty Rd

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UV7

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UV279

UV27

UV275

UV273

£¤321

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§̈¦85

Mc Adenville

McAdenville

SpencerMountain

Belmont

Ranlo

Cramerton

SouthGastonia

Dallas

Lowell

MountHolly

Gastonia

LOCATION MAP ZOOMED IN

Z

!

Site

South Carolina

North Carolina

UV557

UV115

UV160

UV275

UV7

UV24

UV279

UV49

UV16

UV27

UV274

UV273

£¤21

£¤74

£¤29

£¤321

§̈¦485§̈¦85

§̈¦77

§̈¦277

Mc Adenville

PawCreek

Bowling Green

SpencerMountain

Belmont

Ranlo

Cramerton

SouthGastonia

Dallas

Lowell

MountHolly

Stanley

Gastonia

Charlotte

LOCATION MAP ZOOMED OUT

Site

GOOGLE EARTH AERIAL


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BUILDING PHOTOGRAPHY


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DEMOGRAPHIC SNAPSHOT

1 MILE 3 MILE 5 MILE

Population 4,281 41,634 100,984

Average HH Income $63,829 $59,431 $58,346

Median HH Income $53,546 $49,215 $46,123

Business Establishments 276 2,263 4,663

Daytime Employment 3,945 23,614 46,896

DEMOGRAPHICS (2015)


SITE PLAN

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FLOOR PLAN


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SITE AERIAL

SITE


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TRADE AREA AERIAL

GA

STO

NIA

N

ORT

H C

ARO

LIN

AM

EDIU

M M

AR

KET

AER

IAL

SITE


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HIGH MARKET AERIAL

GA

STO

NIA

N

ORT

H C

ARO

LIN

AFR

AN

KLI

N B

LVD

Eastridge Mall

Gaston Memorial Hospital

Franklin Square

The Shoppes at Franklin Square

Harbor FreightNew Hope

Franklin Center

Franklin Square III

Franklin Square II

Gaston Mall

Akers Center SITE


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REGIONAL EXPENDITURES MAP (FOOD & BEVERAGE) 2014

MOORESVILLE - $389M

HUNTERSVILLE - $582M

NORTHLAKE - $417M

UNIVERSITY - $444M

MONROE - $222M

CAROLINA RESERVE - $474MROCK HILL - $395M

STEELE CREEK - $436M

GASTONIA $1.05 B

PINEVILLE - $416M

CHARLOTTE MARKET FOOD & BEVERAGE EXPENDITURES MAP BY TRADE AREA (2014)

MATTHEWS - $642M

CONCORD MILLS - $579M

*Trade Areas are not shown, boxes represent main market retail corridor

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GASTONIA MARKET OVERVIEW

SUMMARY

Gastonia is the largest city and county seat of Gaston County, North Carolina. It is the 13th largest city in the state, as a part of the Charlotte

metropolitan area. Located in the Piedmont of the Southeastern U.S., the Charlotte metropolitan area is home to one of the world’ s busiest

airports, Charlotte Douglas International Airport (18 miles east of Gastonia) and is also the Carolinas’ largest manufacturing region. Gastonia

is also the second largest satellite city of the Charlotte area, behind Concord. Its 2015 population was 73,765 as forecasted by the 2010

Census. Gastonia has experienced steady growth, especially in employment, ranking as the highest employment growth percentage from

2014-2015 at 4.049 percent. The population also increased between 2000 and 2015 by nearly 8%, also according to the 2010 Census.

“A three-time All America City and recipient of the U.S. Conference of Mayors top Livability Award, Gastonia is recognized as one of the

area’s best places to live and work with an ideal combination of location, size, and quality of life. Those factors, combined with the City’s

strategic location, just minutes west of Charlotte and midway between Atlanta and North Carolina’s Research Triangle, attracts business and

industry looking for an ideal site to locate, re-locate, or expand.”- Gastonia Economic Development.


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GASTONIA MARKET OVERVIEW (CONT.)

EMPLOYMENT

The city is home for the international corporate headquarters for textile company Parkdale Mills, the #1 manufacturer of spun yarn in the

world. Gaston County is also home to five Fortune 500 companies’ manufacturing and distribution centers – FMC, Advance Auto Parts,

Parker, Owens Corning and Hanes. Gaston County ranked fifth in the state in number of foreign firms investments in any county from

2014-2014 with 20 firms from 11 countries. Tousaf, a producer of polymers and compounds based in Isarael, announced its first facility

in the USA to locate to Gaston county. German company LanXESS, a global leader in plastic-metal hybrid and composites technologies

that enable engineers to reduce part weight in automobiles, did a $15 million expansion in 2014 to its Gaston County facility that

opened in 2012.


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GASTONIA MARKET OVERVIEW (CONT.)

THOROUGHFARES

Interstate 85 links Gastonia directly with Charlotte, Greensboro, Durham, & Petersburg/Richmond (to the NE) & Spartanburg, Greenville,

Atlanta & Montgomery (to the SW). Gastonia’ s transportation network is supplemented by one additional freeway (US 321), the freeway

portion of which directly connects Gastonia with transcontinental I-40 and the city of Hickory, NC. Most of the County is within a 30 minute

drive of the Charlotte Douglas International Airport. Interstate 85 and US Highway 321 provide residents with the ability to be in the North

Carolina mountains quickly or to ship a product efficiently.

COUNTY

“As the fourth-largest county in the Charlotte Region, Gaston County has a great deal to offer businesses and residents which provides

a portal for business and leisure to the world. And Gaston’s long heritage as a hard-working manufacturing center has been enhanced in

recent years with a steady growth in high-tech manufacturing, service-related firms and the rapid expansion of retail stores and shopping

centers.” - Gaston County Economic Development.

1616 Camden Road, Suite 550 Charlotte, North Carolina 28203

phone: 704.365.0820fax: 704.973.0737

WWW.PROVIDENCEGROUP.COM

corporate popeyes nnn lease | … popeyes nnn lease | charlotte, nc ... area’s best places to live...

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