Popeyes – Vienna

Popeyes occupies this 2,904-square-foot freestanding restaurant at 1515 East Union Street in Vienna, Georgia. The property is offered at $1,400,000 and generates $106,119 in annual net operating income, producing a 7.58% capitalization rate.

The tenant operates under a double-net lease scheduled through November 30, 2031, with approximately 5.5 years remaining. The lease includes 10% rent increases every five years and is guaranteed by a large, experienced Popeyes franchise operator. The property is fully occupied and features a drive-through configuration on approximately 1.21 acres with 63 surface parking spaces.

The site is positioned at East Union Street and State Highway 215 with direct access to the Interstate 75 interchange and exposure to more than 48,000 vehicles per day. Nearby businesses include McDonald’s, Subway, Dollar General, Piggly Wiggly, Shell, and Chevron. The combination of interstate visibility, a nationally recognized quick-service restaurant tenant, scheduled rental growth, and limited landlord responsibilities supports a net-lease investment strategy.