Popeyes | 20-Yr NNN | ±190-Unit Tenant | ±27,857 VPD… — Sale in Joplin, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Joplin, MO 64804

Photos

Popeyes | 20-Yr NNN | ±190-Unit Tenant | ±27,857 VPD… — Sale in Joplin, MO, photo 1 of 3
Popeyes | 20-Yr NNN | ±190-Unit Tenant | ±27,857 VPD… — Sale in Joplin, MO, photo 2 of 3
Popeyes | 20-Yr NNN | ±190-Unit Tenant | ±27,857 VPD… — Sale in Joplin, MO, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present a freestanding Popeyes drive-thru located at 2130 S. Rangeline Road in Joplin, Missouri. The ±2,261-square-foot restaurant, built in 2013, sits on ±0.75 acres and will be secured by a new 20-year NNN sale-leaseback commencing at close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. Annual base rent of $110,000 reflects a 6.00% cap rate, with scheduled 10% rent increases every five years. The tenant is HZ Ops Holdings, Inc., a ±190-unit entity, and the store is operated by The Dhanani Group, the largest Popeyes franchisee in the U.S. with 350+ Popeyes locations. The property fronts South Rangeline Road (±27,857 VPD), Joplin's primary commercial corridor, near the planned Prospect Village mixed-use development at 20th Street and Rangeline Road. The 5-mile trade area holds 69,562 residents with an average household income of $84,143. Nearby demand drivers include Freeman Hospital West (381 beds), Mercy Hospital Joplin (221 beds), Missouri Southern State University (4,232 students), and Joplin High School (2,288 students). Joplin serves as the regional retail and healthcare hub for Southwest Missouri and the Four-State area, and the asset is also available as part of a six-property Popeyes portfolio. Investment Highlights: • New 20-Yr NNN Sale-Leaseback Commencing at Close of Escrow • Zero Landlord Responsibilities | Four (4) 5-Year Renewal Options • Scheduled 10% Rent Increases Every 5 Years • Tenant: HZ Ops Holdings, Inc. (±190 Units) | Operated by The Dhanani Group • Fronts S Rangeline Rd (±27,857 VPD), Joplin's Primary Commercial Corridor • 69,562 Residents and $84,143 AHI Within 5 Miles • Near Missouri Southern State University (4,232 Students) • Available Individually or as Part of a 6-Property Popeyes Portfolio

Market Context

This food service in Joplin, MO is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Joplin, MO — view the full market.

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