Popeyes

QSRRestaurant Brands Intl.NYSE: QSR

Avg cap rate (T12)

Being compiled

S&P

BB+

Moody's

Being compiled

U.S. units

3,542

Typical lease

Franchisee; 20 yr abs. NNN, 1.5–2% / yr

Ratings and unit counts come from public sources (agency ratings, company filings, trade press) as of Oct 14, 2026, believed reliable but not independently verified. A rating may belong to a parent company rather than the entity that signs or guarantees the lease. Typical lease terms are general market norms, not a valuation of any property. Do your own due diligence before any purchase, sale or lease. The Popeyes logo is a trademark of its owner, shown only to identify the tenant; no affiliation or endorsement is implied. Full disclosures