Listed by B+E
$1,867,057
Popeyes | 113 Unit Franchisee | Absolute NNN | ± 19.6 Years
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,307
Net Rentable (SqFt) 2,307
Cap Rate 6.15%
NOI $114,824
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options (4) 5-year
Price per SqFt $809
Year Built 2014
Buildings 1
Acreage 0.430
Zoning C4 - Central Business
Parking Spaces 10 spaces
Parking per 1,000 SqFt 4.33
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/17/2025
Ground Lease No
Popeyes | 113 Unit Franchisee | ± 19.6 Years | Absolute NNN
Marketing description
Exclusively Listed By:
Katie Berg | Associate Director | 904.806.5801 | [email protected]
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
In association with Jon Nesbitt | MS License #: 23033
Investment highlights
- ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | ± 19.6 YEARS REMAINING TERM
- GLOBALLY RECOGNIZED BRAND | SECOND-LARGEST CHICKEN CHAIN
- OPPORTUNITY ZONE | CENSUS TRACT 950600
- SAWMILL SQUARE MALL | DENSE RETAIL CORRIDOR | NATIONAL TENANTS
- 5th LARGEST POPEYES FRANCHISEE | HIGH PERFORMING SITE | HEALTHY RENT TO SALES RATIO
- PURPOSELY BUILT DESIGN | DRIVE-THRU CONCEPT
- RECESSION-RESISTANT ASSET
- PRIME LOCATION RIGHT OFF I-59 RAMP | ± 43,000 VPD
- QSR INDUSTRY GROWTH
Listing Contacts
Listed by B+E
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
$114,824.00
$9,568.67/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
