Popeyes -6.25% CAP- New 15 YR NNN Lease | 6741 Veterans
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Popeyes -6.25% CAP- New 15 YR NNN Lease 6741 Veterans
2,200 SF 4-Star Retail Building Columbus, GA 31909 $2,688,000 ($1,222/SF) 6.25% Cap Rate
Investment Highlights
- New construction to be completed and open in Q1 of 2023
- Popeyes is one of the fastest growing QSR brands in the world
- Well located right off I-185 with an ideal location on the main retail artery of one of the most affluent areas in Columbus.
- 15 year absolute NNN lease - 7.5% increases every 5 years with 2 x5 year options
- Sale leaseback with a strong franchisee- Operates Popeye's, Tim Hortons, Checkers, & Moe's
Executive Summary
This investment opportunity offering is an excellent opportunity to acquire newly developed free-standing Popeyes, located in Columbus, Georgia. The property will finish development and open for business in early 2023, have a 15 year NNN lease with Popeyes, that includes 7.5% increases every 5 years, and two 5-yearoptions. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Moe's, & Checkers locations. Popeyes is one of the fastest growing QSR brands in the world, and this is an ideal location for the restaurant.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Price
$2,688,000
Price Per SF
$1,222
Cap Rate
6.25%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.39 AC
Zoning
Commercial - Commercial
Parking
19 Spaces (8.64 Spaces per 1,000 SF Leased)
Frontage
459 FT on Veterans Parkway
Amenities
- 24 Hour Access
- Signage
- Signalized Intersection
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 072-014-002 | Improvements Assessment | $0 |
| Land Assessment | $825,544 | Total Assessment | $825,544 |
PROPERTY TAXES
Parcel Number
072-014-002
Land Assessment
$825,544
Improvements Assessment
$0
Total Assessment
$825,544
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Popeyes -6.25% CAP- New 15 YR NNN Lease | 6741 Veterans
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