Listed by White Box Commercial Property Group LLC
$2,250,000
POPEYES MADISON EAST
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,806
Net Rentable (SqFt) 3,806
Cap Rate 6.51%
NOI $146,531
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 09/30/2030
Remaining Term 4.3
Rent Bumps Yes
Lease Options (4) for Five Year Options to Renew with 10% Increases
Price per SqFt $591
Year Renovated 2020
Acreage 1.090
Parking Spaces 11 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/09/2020
Ownership Fee Simple
Retail | 6.51% CAP | 3,806 SqFt
Marketing description
100% fee simple interest in a Popeyes location on Madison’s East Side. The investment offers minimal Landlord responsibilities,10% rent increases every five years, and 20 years of option periods…personally guaranteed by a 66+ unit operator. The property is positioned on a hard corner signalized intersection along East Washington Avenue with over 45,000 VPD and excellent visibility. The site benefits from great access, ample parking (11:1), significant drive-thru stacking, pylon signage, and is surrounded by many national retailers.
Listing Contacts
Listed by White Box Commercial Property Group LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$146,531.00
$12,210.92/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
