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Views: 125 DOM: 159 Updated: 10.30.24 Posted: 06.26.24 Status: Active

Summary

Price $3,830,000
Built/Renov 2005
Tenant Popeyes (GL)
Cap Rate 4.70%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,224
Lease Start 07-17-2023
#Units 30
Price/SF $1,722.12
Expiration 07-31-2038
Tenant Type Fast Food/QSR
NOI $180,000
R. Term 13.8
Ownership Ground Lease
Rent/SF $80.94
Increases 7.5%/5/yrs
Pop 5Mi 368,429
Lot/AC 0.81
Options 2/5yrs/7.5%
AHHI 5Mi $87,393

Lease Highlights

  • Brand-new 15-year ground lease with 2 (5-year) options to extend
  • The lease features 7.5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Lease guaranteed by SG Food Express LLC (30 units backed)

Location Description

Popeyes is strategically located at the signalized, hard corner intersection of West Baseline Road and Ayala Drive, with access to 34,000 vehicles passing by daily. The property is conveniently located 1 mile south of the 210 Freeway, which sees 154,000 VPD. According to Placer.ai, it ranks among the top 30% of all Popeyes locations in California based on consumer traffic. Nearby, well-known...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Popeyes
  • Guarantor:Franchisee
  • Company:SG Food Express LLC
  • # Units:30
  • Tenant S&P: BB
  • Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 15,164 155,186 389,987
2024 Total Population : 14,979 154,331 385,706
2024 Employed Civilian Pop : 6,846 67,532 170,005
2024 Total Businesses : 258 3,081 7,108
2024 Average Household Income : $ 114,372 $ 101,263 $ 104,547
2024 Total Consumer Spending : $ 367 M $ 3622 M $ 9231 M
2024 Median Age : 35 34 33
2024 Total Households : 3,715 40,922 101,094
2024 Pop Age 25+: Bachelor's Degree : 954 10,741 29,681
2024 Average Home Value : $ 537,586 $ 522,026 $ 521,708
*ESRI data is presented for informational purposes only

Listing Broker

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