Popeyes - Vienna, WV
Popeyes | 6.25% CAP | Vienna, WV
Listing Contacts
See All (4)
License: CA 01977909
License: CA 02002301
Active
Address
311 Grand Central Ave, Parkersburg, WV 26105
Show on MapDate Added
Jan 14, 2025
Days on Market
65 days
Time Since Last Update
65 days
Details
Property TypeRetail
SubtypeQSR/Fast Food, Restaurant
Investment TypeNet Lease
Investment Sub TypeNNN (GL)
Lease TypeAbsolute NNN
Tenant CreditFranchisee
TenancySingle
Brand/TenantPopeyes
Lease Commencement10/01/2016
Lease Expiration10/31/2031
Remaining Term6.6 years
Square Footage1,850
Price/Sq Ft$821.62
Cap Rate6.25%
Occupancy100%
NOI$95,018
Year Built2016
Lot Size (acres)0.74
Rent Bumps10% every 5 years
APN54-10-0046-0004-0000
Lease Options1 (5-Year)
Ground LeaseYes
OwnershipLeased Fee (Land Ownership)
Sale ConditionFor sale by owner
Investment Highlights
-
Popeyes | Guarantor: GPS Hospitality Holding Co. (475+ Unit Franchisee)
-
Absolute NNN (Ground Lease)
-
10% Rental Increases every 5 years
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Parkersburg-Vienna Metropolitan Area | 4.9 Million Annual Visits (Placer.ai) | Stable Demographics | Close Proximity to Major Employers, Housing and Entertainment Complexes
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,018.00
$7,918.17/mo
Valuation Metrics
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0
DSCR
6.25%
Cap Rate
6.25%
ROI
Due Diligence
Listing Contacts
See All (4)- License: CA 01977909
- License: CA 02002301
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Broker Information
Broker Name
Louis Oliva
Broker License
WV0027510
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