loader
Join Free
Views: 40 DOM: 32 Updated: 10.31.24 Posted: 10.31.24 Status: Active

Summary

Price $2,394,000
Built/Renov 1986/2024
Tenant Popeyes
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,047
Lease Start
#Units 11
Price/SF $785.69
Expiration 03-31-2030
Tenant Type Fast Food/QSR
NOI $143,637
R. Term 0.00
Ownership Fee Simple
Rent/SF $47.14
Increases 15.0%/5/yrs
Pop 5Mi 246,044
Lot/AC 1.31
Options 2/5yrs/15%
AHHI 5Mi $134,779

Lease Highlights

  • The tenant has over 5 years of firm term remaining with 2 (5-year) options to extend
  • The lease features rare 15% rental increases every 5 years throughout the initial term and options
  • Absolute NNN lease | Zero landlord responsibilities
  • The lease is guaranteed by an individual franchisee (11-unit operator)
  • This location’s sales performance has historically been well over Popeyes’ average unit volume

Location Description

Popeyes is strategically located at the signalized, hard-corner intersection of W. Army Trail Road and Gary Avenue, the primary retail corridor with access to a substantial combined daily traffic count of 75,900 vehicles. The property sits within a dense retail trade area with direct access to major shopping centers such as Bloomingdale Court and Stratford Crossing. Nearby national tenants...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Popeyes
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:11
  • 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity