Popeye's Chicken — Final Lease Agreement (Avondale LA)

The executed Popeye's Chicken lease (Avondale, LA) — the franchisee-credit example in Mike's lease series. Per the June 20 synopsis: minimum rent §6, additional rent §7, taxes §8 (Payment of Impositions), NNN non-terminability §9, maintenance §12, events of default §22, landlord remedies §23, guaranty defined in §1, financial reporting §28, landlord's lien §32. Credit support derives from the franchisee operator and the unit count backing the guaranty (since expanded by ~10–15 units). PDF not re-parsed during ingest; grounded in the synopsis email.

Key Facts¶

Franchisee (not corporate parent) guaranty; strength scales with unit count.
§9 Net Lease / Non-Terminability reinforces NNN economics.
Default/remedy structure parallels the corporate lease but with operator-level credit.