What is the asking price for Popeye's?

The lease rate for space here is $2,109,197.

What type of property tenancy can you find at Popeye's?

This property is listed as Single Tenant.

What is the total size of Popeye's?

The property has a total square footage of 2,532 SF.

How many parking spaces are available at Popeye's?

Parking information for the property isn't currently listed. However, other nearby parking options include Lot 5, located 3.58 miles away , and Lot 1, which is 3.58 miles away.

876 N Eastern Blvd, Montgomery, AL 36117

For Sale $2,109,197
Property Type Retail - Street Retail
Property Size 2,532 SF
Units 10
Lot Size 0.86 Acre
Property Tenancy Single Tenant
Year Built 2020
Date Updated Nov 5, 2026

Description

Montgomery, the capital of Alabama, is a major economic, governmental, and commercial center located in the southeastern United States. Situated along the Alabama River, approximately 90 miles south of Birmingham, the city serves as the economic hub of the greater Montgomery metropolitan area. Its strategic location at the intersection of Interstate 65 and Interstate 85 provides convenient access to major regional markets, including Birmingham, Atlanta, and Mobile, supporting business activity, transportation, and continued commercial development. Montgomery's diverse economy is supported by government operations, advanced manufacturing, healthcare, education, and military installations. Major employers include Hyundai Motor Manufacturing Alabama, Maxwell Gunter Air Force Base, Baptist Health, and the State of Alabama. The city is also home to Alabama State University and Auburn University at Montgomery, which contribute to workforce development and economic stability. Continued investment in automotive manufacturing, infrastructure, and industrial development further strengthens the region's economic foundation. The city features an established retail market supported by residential communities, major employment centers, and regional shopping destinations. Primary commercial corridors, including Eastern Boulevard, Atlanta Highway, and EastChase Parkway, accommodate numerous national retailers, restaurants, and service oriented businesses. The Shoppes at EastChase serves as a prominent retail destination, attracting consumers from throughout central Alabama. Montgomery is also recognized for its historical significance, cultural attractions, and revitalized downtown district, which support tourism and local economic activity. With its affordable cost of living, diversified employment base, strong transportation connectivity, and established commercial infrastructure, Montgomery offers an attractive environment for businesses, retailers, and commercial real estate investors..

Highlights

Absolute NNN Lease: The property is secured by a long-term absolute NNN lease with approximately 16 years remaining, providing passive income with zero landlord responsibilities.
Established 13-Unit Popeyes Franchisee TICE Chicken Holdings: The lease is backed by TICE Chicken Holdings, a 13-unit Popeyes franchise operator throughout Alabama
Favorable Sunbelt Market Dynamics: Located in Montgomery, a growing Southeastern market benefiting from population stability, business-friendly policies, and ongoing economic development.
High-Traffic Location: Situated along N Eastern Blvd with traffic counts exceeding 40,500 vehicles per day, the property benefits from strong visibility and continuous consumer exposure.
Limited Internal Competition: The subject property benefits from strong market positioning, with the nearest Popeyes located 8 miles away, minimizing brand cannibalization.
Proximity to Key Demand Drivers: Located near major regional anchors including Eastdale Mall and 8 miles from Alabama State University, driving consistent retail traffic and demand.
Strong Demographics: The asset is supported by a dense population of 154,768 residents within a five-mile radius and over 20,000 daytime employees within three miles, providing a consistent and diverse customer base.
Upcoming High School Development: The planned Percy Julian High School, projected to serve 2,000 students and open in Spring 2028, is expected to significantly enhance local foot traffic, housing demand, and long term area growth.