Former Hopkins KFC Left Out of Popeyes Deal
The Mainstreet property is now up for sale.
The former KFC in Hopkins’ downtown is no longer on track to become a Popeyes chicken restaurant.
Speculation that the Hopkins KFC would become a Popeyes arose in October when the Star Tribune reported that AFC Enterprises, Popeyes' parent company, planned to buy 14 KFC properties in the Twin Cities from bankrupt franchisee Wagstaff Management.
But a for-sale sign that appeared at the 1728 Mainstreet property suggested plans had changed. On Thursday, Wagstaff Management confirmed to Patch that the restaurant was not part of the AFC Enterprises deal.
Cushman & Wakefield/NorthMarq real estate agent Aaron Barnard said the property is one of six former KFCs he started trying to sell over the holidays. The other locations are in Brooklyn Park, Inver Grove Heights, Mounds View, Rosemount and Savage.
Wagstaff is asking for $259,000 for the Hopkins property.
AFC Enterprises closed its deal with Wagstaff in November—a $13.8 million agreement in which it acquired 27 KFC restaurants in Minnesota and California.