New Popeye's Louisiana Kitchen BTS
1445 Martin Luther King Jr. Way
Merced, CA 95340
- Brand New 20 Yr. true NNN Lease with scheduled rental increases.
- 20-year lease with 10% rental increases every 5 years w/2 5 Year Options
- Strong multi-unit franchisee with +/- 31 Popeyes restaurants and +/- 10 other restaurants including Sonic and Black Bear Diners
- Corporate Lease Backstop from Popeye's Louisiana Kitchen, Inc. which is a subsidiary of Restaurant Brands International (NYSE: QSR)
- High-Traffic Location Off of U.S. Highway 99 with over 69,000 Vehicles Per Day
- Convenient access and excellent visibility to U.S. Highway 99
- Located at signalized intersection across from In-N-Out Burger, Taco Bell, and Wendy's.
- New 2017 Construction featuring the High Production Prototype
- Large 45 foot Freeway Pylon Sign
- Large Customer Base in Immediate Area
Brand New 20-Year NNN Lease with scheduled rental increases, strong multi-unit franchisee, Corporate Lease protection from Popeye's Louisiana Kitchen, Inc. (subsidiary of NYSE: QSR), High-Traffic location next to U.S. Highway 99 with 45 foot Pylon sign, and located adjacent to In-N-Out Burger.
The property is located in Merced, CA across from In-N-Out Burger at the signalized corner of W. 15th Street and Martin Luther King Jr. Way with visibility and convenient access to Hwy-99.
Merced (population 80,542) is the seat of Merced County in the San Joaquin Valley in Northern California. Known as the “Gateway to Yosemite,” Merced is less than two hours by car from Yosemite National Park to the east and the Monterey Bay to the west. Located at the junction of CA-99, the dominant north-south freeway in California, CA-69, and CA-140, the city’s transportation needs are also served by Amtrak commercial rail and the Merced Regional Airport. Union Paci c and Burlington Northern/Santa Fe rail lines also pass through the city. Since 1980, Merced has experienced a population growth rate exceeding the state average, with an annualized growth rate of 3.4% over the last nine years. This population growth has driven significant retail development in the city of Merced since 1992, adding over 750,000 square feet of new retail space and generating more than $500,000 in additional sales tax revenue annually. The city had historically relied on agribusiness and the presence of Castle Air Force base as key components of the city’s economy; since the closing of the Air Force base in 1995, the city’s economy has diversified to include printing, warehousing and distribution, fiberglass boat building, packaging, and more. In 2005, Merced became home to the tenth campus of the University of California system, the University of California, Merced. The college was the rst research university built in the U.S. in the 21st century. With a growing enrollment of approximately 7,325 students, the university is home to three schools offering 21 undergraduate majors and 21 minors – the School of Engineering, the School of Natural Sciences, and the School of Social Sciences, Humanities, and Arts. In addition, the university offers graduate level programs in Applied Mathematics, Biological Engineering, Cognitive and Information Sciences, Electrical Engineering and Computer Science, Environmental Systems, Mechanical Engineering and Applied Mechanics, Physics and Chemistry, Psychology, Quantitative and Systems Biology, Social and Cognitive Sciences, and World Cultures. The 230 acre campus is bounded by Lake Yosemite and is the only institution in the U.S. to have all of its campus buildings LEED environmentally certified.