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1515 E Union St

2,904 SF Retail Building Vienna, GA 31092 $1,650,000 ($568/SF) 6.50% Cap Rate

EXECUTIVE SUMMARY

large operator 200+ locations

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,904 SF
Building Class
C
Year Built
1989
Price
$1,650,000
Price Per SF
$568
Cap Rate
6.50%
NOI
$107,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial
Parking
63 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149 FT on E Union St

AMENITIES

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Single Net
  • Dec 2031

Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Single Net Dec 2031

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
63A000009
Land Assessment
$42,160
Improvements Assessment
$106,036
Total Assessment
$148,196
  • Listing ID: 29380562

  • Date on Market: 8/27/2023

  • Last Updated:

  • Address: 1515 E Union St, Vienna, GA 31092

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