Description

The Northmarq National Restaurant Group is offering a single-tenant Popeyes located at 7458 W Appleton Avenue in Milwaukee, Wisconsin. The property is secured by an absolute NNN lease with 14 years remaining and includes 10% rent increases at five-year renewal options. The tenant is the largest operator of Popeyes restaurants and the second-largest franchisee in the nation, known for delivering consistently strong performance. The property is strategically positioned near the intersection of Appleton Avenue, which sees approximately 38,200 vehicles per day, and Capitol Drive, with about 52,600 vehicles daily. This location provides convenient connectivity to major highways, including I-41 to the west and I-43 to the east, both carrying over 150,000 vehicles per day. The area is further validated by the presence of four McDonald’s locations within a two-mile radius, highlighting the strength of the quick-service restaurant market in the submarket. Additionally, more than 2,300 students within a one-mile radius regularly pass by the site, generating steady traffic during morning and afternoon hours. Situated in a densely populated residential area of Milwaukee, the property benefits from nearly 170,000 residents within a three-mile radius. With its long-term absolute NNN lease, strong franchisee backing, and multiple surrounding traffic drivers, this investment offers a compelling combination of stability and long-term value for investors.