Popeyes | 17 Yrs Remaining | 2% Annual Bumps | 3506 Memorial Dr
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Popeyes | 17 Yrs Remaining | 2% Annual Bumps 3506 Memorial Dr
2,610 SF Retail Building Decatur, GA 30032 $2,426,000 ($930/SF) 5.25% Cap Rate
Investment Highlights
- 17 Years Remaining | 30+ Year Operating History | Corporate Signed Lease | Options To Extend | 2% Annual Increases
- Off Signalized, Hard Corner Intersection | Belvedere Plaza | Top-Performing Location via Placer.ai | Off I-20
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Demographics 5-Mile Trade Area | Downtown Atlanta
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,610 SF
Building Class
B
Year Built/Renovated
1985/2021
Price
$2,426,000
Price Per SF
$930
Cap Rate
5.25%
NOI
$127,345
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.87 AC
Zoning
Commercial
Parking
40 Spaces (15.33 Spaces per 1,000 SF Leased)
Frontage
86 FT on Memorial Dr
Amenities
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-200-01-002 | Improvements Assessment | $179,863 |
| Land Assessment | $349,147 | Total Assessment | $529,010 |
PROPERTY TAXES
Parcel Number
15-200-01-002
Land Assessment
$349,147
Improvements Assessment
$179,863
Total Assessment
$529,010
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Popeyes | 17 Yrs Remaining | 2% Annual Bumps | 3506 Memorial Dr
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