229 Bound Brook RdMiddlesex, NJ 08846

For Sale
$2,450,980

High-return Popeyes, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, 2,339-square-foot Popeyes Louisiana Kitchen restaurant located at 229 Bound Brook Road in Middlesex, New Jersey. Built in 2022, this freestanding property boasts a modern design, including a double drive-thru with a bypass lane, maximizing operational efficiency and customer convenience. Situated on a 1.13-acre lot, the property offers ample parking with approximately 26 spaces, including roadside parking. The strategic location along Bound Brook Road (Route 28) ensures high visibility, enhanced by storefront signage and a double-sided pylon. The property benefits from a strong daytime and residential population exceeding 234,000 and 240,000 respectively within a 5-mile radius, creating a robust customer base. The current tenant is a seasoned franchisee with a proven track record in various Popeyes locations. This absolute NNN lease offers a 20-year term with a remaining term of 20 years, providing long-term stability and predictable cash flow. The property's strong performance is reflected in its 5.10% cap rate and a net operating income (NOI) of $125,000. The property is zoned for General Business use and offers easy access to major highways, including Route 22 and Interstate 28. This is a rare opportunity to acquire a high-performing, established restaurant with significant upside potential.

Highlights

  • Brand new, 2,339 SF Popeyes, built in 2022, featuring a double drive-thru with bypass lane on a 1.13-acre lot.
  • Ample parking with approximately 26 spaces, including roadside parking.
  • High visibility location on Bound Brook Road (Route 28) with storefront and double-sided pylon signage.
  • Strong demographics: over 234,000 daytime and 240,000 residential population within a 5-mile radius.
  • Experienced Popeyes franchisee operating under a 20-year NNN lease with 20 years remaining.
  • Excellent location in Middlesex, NJ, with easy access to Routes 22 and I-28.

Property Details for 229 Bound Brook Rd

Property type
Other retail properties, Restaurants
Square Feet
2,339 SF
Year Built
2022
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Middlesex
County
Middlesex
State
New Jersey
Latitude
40.585737
Longitude
-74.47884
229 Bound Brook Rd, Middlesex, New Jersey

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229 Bound Brook Rd
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