Popeyes | 2491 Tobacco Rd
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Popeyes 2491 Tobacco Rd
2,700 SF Retail Building Hephzibah, GA 30815 $2,304,000 ($853/SF) 6.56% Cap Rate
Investment Highlights
- 21,038 VPD
- 20-Year NNN Lease
- Access to Tobacco Road and Windsor Spring Road
- (3) 5-Year Renewal Options
Executive Summary
Oswald Cooke & Associates is pleased to offer 2491 Tobacco Road in Hephzibah, GA available for sale. The Popeye's Louisiana Kitchen franchisee is subject to a 20-Year NNN lease that commenced in January 2020. The tenant has (3) 5-Year renewal options with 5% rental escalations throughout the term and options. The site is located on Tobacco Road (21,038 VPD) and is surrounded by numerous national retailers including Walgreens, Parkers Kitchen, Dollar General, Family Dollar, O'Reilly Auto Parts, Dollar Tree, McDonalds, Sonic, Bilo, BP, Hardee's and many others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
B
Year Built
2015
Price
$2,304,000
Price Per SF
$853
Cap Rate
6.56%
NOI
$151,142
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.31 AC
Zoning
C - Commercial
Parking
34 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
235 FT on Windsor Spring Road
Amenities
- Signage
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 1414004000 | Improvements Assessment | $379,196 |
Land Assessment | $135,240 | Total Assessment | $514,436 |
PROPERTY TAXES
Parcel Number
1414004000
Land Assessment
$135,240
Improvements Assessment
$379,196
Total Assessment
$514,436
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Popeyes | 2491 Tobacco Rd
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