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Popeyes Sale Leaseback | 2021 Build | 20-Year Lease
10% Increases | Strong Location | Experienced Operator
Listing Contacts
See All (4)
License: CA 01911222
License: CA 01927216
Active
Asking Price: $2,240,000
Address
81 Midtown Blvd., Madisonville, KY 42431
Show on MapDate Added
Mar 21, 2025
Days on Market
61 days
Time Since Last Update
61 days
Details
Property TypeRetail
SubtypeQSR/Fast Food
Investment TypeNet Lease
Lease TypeNNN
TenancySingle
Brand/TenantStarbucks, Taco Bell, Burger King, Chick-fil-A, Popeyes, Arby's, Church's Chicken
Remaining Term20 years
Square Footage3,000
Cap Rate5.00%
NOI$112,000
Units35
Year Built2021
Lot Size (acres)1.26
Rent Bumps10% Every 5 Years
Lease OptionsFour, 5-Year
INTELLIGENCEInvestment Highlights
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Long-term, passive investment | New, 20-year Absolute Net Lease
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New build | 2021 construction with double drive-thru
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Attractive increases every 5 years hedge against inflation
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Strong operator | Currently operates ± 35 Popeyes & BK units & expanding
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Less than .5 miles from Hwy 69 Exit
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Madisonville Hopkins County Sports Complex | New development to be built across street from property
Less than 1 mile from neighboring traffic generators
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Hampton Inn & Suites
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Holiday Inn Express & Suites
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Big Lots anchored retail center
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Parkway Plaza Mall | ± 25 retail stores
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James Madison Middle School | ± 550 Students
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Strong retail synergy among neighboring national tenants: Dollar General, McDonalds, Denny’s, Taco Bell, Subway, AT&T, Verizon
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,000.00
$9,333.33/mo
Valuation Metrics
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0
DSCR
5%
Cap Rate
5%
ROI
Property History
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Due Diligence
Listing Contacts
See All (4)- License: CA 01911222
- License: CA 01927216
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