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27622514
27622515

599 W Tunnel Blvd, Houma, LA 70360 For Sale

JW
NY 10401304686
SURMOUNT
FP
NY 10401333619
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
TH
NY 10401399336
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$1,848,544
276 days on market
Updated 44 days ago

Popeyes

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,531
Cap Rate 6.25%
NOI $115,534
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Lease Term 25
Remaining Term 25
Year Built 1989
Acreage 0.690
Investment Type Net Lease
Tenant Credit Franchisee
Ownership Fee Simple

Retail | 6.25% CAP | 2,531 SqFt

Marketing description

Surmount is pleased to present the exclusive listing for a Popeyes located at 599 W Tunnel Blvd, Houma, LA 70360. The site consists of roughly 2,531 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $115,534 and has scheduled increases of 1.75% annually.

Investment highlights

  • Strong Franchisee Guarantee | The guarantor, High Noon Restaurant Group, is well known and respected in the quick-service restaurant industry. The Franchisee operates over 100 units across Louisiana and Mississippi. They pride themselves on providing customers with exceptional customer service, sanitized restaurants, and convenient and timely meal preparation.

  • Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback | This Popeyes will be subject to a brand new 25-year triple-net (NNN) lease which will commence upon close of escrow. The lease will feature attractive rental increases of 1.75% annually providing a hedge against inflation.

  • Strong Unit-Level Financials | This Popeyes location has experienced exceptional unit-level performance since its opening. Please reach out to the listing agents for further details.

  • Strong Brand Recognition in a Prime Location with High Traffic | This property is home to a nationally recognized tenant and is strategically located along W Tunnel Blvd, which sees approximately 21,446 vehicles daily. The combination of strong brand presence and exceptional daily traffic ensures maximum visibility and consistent consumer engagement, driving long term business success.

Listing Contacts

JW
NY 10401304686
SURMOUNT
FP
NY 10401333619
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
TH
NY 10401399336
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,534.00
$9,627.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Brian Brockman
License
BROK.0995684990-ASA
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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