Popeyes (Walmart-Anchored Development)

Offered for sale is a Long-Term Absolute Net Lease Popeyes located in Phenix City, Alabama, positioned next to a Walmart Neighborhood Market within the Columbus, GA-AL MSA. The lease has 15.1 years remaining on its initial 20-year term, with the tenant responsible for taxes, insurance, CAM, roof, and structure and rent increasing 7.50% every five years. The property sits on a full 1-acre corner lot with excellent access and visibility along US-80 (23,858 VPD), the primary east-west commercial corridor connecting Phenix City to downtown Columbus, Georgia. It is part of an established, multi-phase retail development anchored by Walmart since 2016, with Taco Bell, Dollar Tree, Sonic, and Snappy's Express Car Wash added over the following years.