Popeyes
Retail | 4.50% CAP | 3,500 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee simple (land ownership) in an absolute NNN, drive-thru equipped, Popeyes investment property located in Santa Rosa, California. The tenant, Norcal Cajun Foods II, Inc., has over 9 years remaining with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The store is in the process of being remodeled in accordance with the brand’s modern store prototype using state-of-the-art materials (see page 7 for details).
Investment highlights
9+ Years Remaining | Options to Extend | Experienced Operator
Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Hard Corner Intersection (62,500 VPD) | Hwy 101 (130,000 VPD) |Across From Grocery Anchored Center (3M+ Annual Visits)
Strong Demographics In 5-Mile Trade Area | Affluent Community
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