SINGLE TENANT POPEYES
Easton, PA
The Opportunity
Summary
- ADDRESS: 3877 Eastgate Blvd Easton, PA
- ASKING PRICE $2,381,000
- CAP RATE 5.25%
- NOI $125,000
- LEASE TYPE NNN Ground Lease
- TENANT 3877 Easton Chicken LLC
- GUARANTOR Personal - 5 Years
- BUILDING SIZE 1,990 SF
- PARCEL SIZE 1.41 Acres
- YEAR BUILT 2026
- REMANING LEASE TERM 19 Years
- OPTIONS Two (2), Five (5) Year Options
- RENT INCREASES 10% Every 5 Years
Forged Real Estate exclusively offers the fee simple interest in a single-tenant Popeyes Louisiana Kitchen property in Easton, Pennsylvania. Currently under construction with an anticipated April 2026 opening, the asset is secured by a triple-net (NNN) ground lease that commenced June 2, 2025, with 19+ years remaining and 10% rent increases every five years, providing stable, passive income and long-term growth.
The location is operated by AR Group of Restaurants, Inc., a seasoned franchisee with 130+ Popeyes, Taco Bell, and Dunkin’ units across the Mid-Atlantic. The property sits on a 1.41-acre parcel at the signalized intersection of Eastgate Blvd and Easton–Nazareth Hwy (PA-248), near PA-33, offering strong visibility, 15,000+ VPD, a drive-thru, and excess land for future flexibility. The 5-mile trade area includes approximately 131,000 residents and affluent demographics, with average household incomes exceeding $126,000.
Founded in 1972 and acquired in 2017 by Restaurant Brands International, Popeyes operates 3,500+ locations across the U.S. and Canada, backed by one of the world’s largest QSR platforms with 33,000+ restaurants globally.
