Popeye’s – Pelham, OK

Popeyes has a Brand new 20-year Absolute NNN lease, featuring attractive 7.50% rental escalations every 5 years with four 5-year options to renew! The Tenant, Ram-Z Roost, LLC is an experienced multi-concept owner/operator with 12 Popeyes locations in Alabama. The lease is further guaranteed by Ram-Z Restaurant Group includes 39 Freddy’s restaurants (42 by year-end 2026), making it the 6th largest Freddy’s franchisee in the U.S., and 33 Schlotzsky’s restaurants, making it the largest Schlotzsky’s franchisee in the country (84 TOTAL UNIT GUARANTY). It is Successfully open & operating for decades with an attractive 7.55% Rent to Sales Ratio!

The Asset is Exceptional visibility/access on AL-119/US-31/Pelham Pkwy (main North/South thoroughfare in Pelham) with traffic counts of 29,899 CPD! Major retailers within 5 miles include Walmart, Lowe’s Home Improvement, Ross Dress for Less, Belk, Gabe’s, Hibbett, Shoe Dept, ALDI, Publix, Books-A-Million, Michaels, Kirkland’s Home, Harbor Freight, Tractor Supply, Dollar Tree, Dollar General, AmStar Cinemas. 13.5 miles from University of Montevallo – a public liberal arts university offering various undergraduate & graduate programs serving 3,083 students (Fall 2025); Less than 16 miles from Samford University – a private, coeducational, Christian University offering undergraduate, graduate & professional degrees, serving 6,324 students (Fall 2025); 2 miles from Baptist Health Shelby Hospital – a 252-bed, Joint Commission-accredited facility, delivering award-winning cardiovascular and stroke care along with a comprehensive range of advanced medical services – right in the Alabaster community

Property Highlights