Popeyes | NNN Lease | 12622 Long Beach Blvd
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Popeyes | NNN Lease 12622 Long Beach Blvd
2,420 SF Retail Building Lynwood, CA 90262 £2,938,834 (£1,214/SF) 4.50% Net Initial Yield
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
EXCELLENT LOCATION IN A DENSE AND DYNAMIC MARKET
• 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 Leases – Popeyes® operates under a NNN lease, ensuring minimal involvement and 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.
• 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 Leases – Popeyes® operates under a NNN lease, ensuring minimal involvement and 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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,420 SF
Building Class
B
Year Built/Renovated
2017/2020
Price
£2,938,834
Price Per SF
£1,214
Net Initial Yield
4.50%
NOI
£132,248
Tenancy
Single
Number of Floors
1
Slab to Slab
9 ft
Building FAR
0.12
Lot Size
0.48 AC
Zoning
LYC2A*
Parking
20 Spaces (8.26 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
- Monument Signage
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6177-003-040 | Improvements Assessment | £1,134,185 |
| Land Assessment | £1,897,443 | Total Assessment | £3,031,628 |
PROPERTY TAXES
Parcel Number
6177-003-040
Land Assessment
£1,897,443
Improvements Assessment
£1,134,185
Total Assessment
£3,031,628
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Popeyes | NNN Lease | 12622 Long Beach Blvd
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