Listed by Trinity Real Estate Investment Services
$2,480,000
Popeyes | Strong Reported Sales | Upcoming Remodel
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,173
Units 1
Cap Rate 6.25%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Popeyes
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 09/29/2045
Remaining Term 19.2
Rent Bumps Yes
Lease Options Four (4), 5-Year; 7.5%
Price per SqFt $1,141
Acreage 1.400
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/15/2025
Ground Lease No
Ownership Fee Simple
Retail | 6.25% CAP | 2,173 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Jackson, AL. The subject property has a full 20-year primary lease term. It is situated across from Walmart Supercenter and within minutes of Jackson High School, Jackson Middle School, and Jackson Intermediate School.
Property Website: https://trinityreis.com/listing/4011-n-college-ave/
In Cooperation With Brian Brockman at Bang Realty-Alabama Inc | AL #119315 | [email protected] | (513) 898-1551
Investment highlights
- Popeyes in Jackson, AL With Full 20-Year Primary Lease Term
- Absolute NNN Lease With Zero Landlord Responsibilities
- Attractive Rental Increases of 7.5% Every 5 Years
- Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
- High Visibility Frontage on N College Ave With 15,000+ Vehicles Passing Daily
- Healthy 5-Mile Demographics of 6,000+ Residents
- Guaranteed by Ram-Z Restaurant Group, a Rapidly Growing Operator of 80+ Units Across Three Brands
- Situated Across From Walmart Supercenter and Within Minutes of Jackson High School, Jackson Middle School, and Jackson Intermediate School
- Strong Unit Level Sales Reported at $1.81MM
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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