Popeye's | 229 Bound Brook Rd
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Popeye's 229 Bound Brook Rd
2,339 SF 4-Star Retail Building Middlesex, NJ 08846 $2,450,980 ($1,048/SF) 5.10% Cap Rate
Investment Highlights
- Significant parking with +/- 26 spaces on site including parking on Bound Brook Road
- Situated within an extremely dense market with a daytime and residential population of over 234,000 and 240,000, respectively within 5 miles
- Strong visibility along Bound Brook Road with storefront signage and a double-sided pylon
- Strong Popeyes operator with experience in freestanding drive-thru, end cap drive-thru and inline locations
Executive Summary
Brand new +/- 2,339 freestanding Popeyes Louisiana Kitchen constructed in 2022 featuring the latest model with a double drive-thru and bypass lane operating on +/- 1.13 acres.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,339 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$2,450,980
Price Per SF
$1,048
Cap Rate
5.10%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.17 AC
Zoning
GB - General Business
Frontage
195 FT on Bound Brook Road
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 10-00006-0000-00003 | Improvements Assessment | $530,000 |
| Land Assessment | $850,000 | Total Assessment | $1,380,000 |
PROPERTY TAXES
Parcel Number
10-00006-0000-00003
Land Assessment
$850,000
Improvements Assessment
$530,000
Total Assessment
$1,380,000
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Popeye's | 229 Bound Brook Rd
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