964 Albany Ave
Hartford, CT 06112
Auction:11/6 - 11/8: NNN Popeyes Louisiana Ki · Retail Property For Sale

Investment Highlights: Original 10 year lease with 4 years base lease term remaining Very strong location with percentage rent that yields a higher NOI Popeye's Louisiana Kitchen was founded in 1972 in New Orleans and has over 2,600 location Option to extend the lease term for two, five year options and two, ten year options 2016 Sales: $1,130,766.31 2017 - Sales are in line with 2016 Absolute NNN with Tenant responsible for roof and structure 2016 NOI= $67,838.19 of which $16,238.19 is from percentage rent Operator who guaranties lease owns 70 other Popeye's and recently purchased approximately 80 McDonalds for nearly $100 million Investment Overview: Popeyes Louisiana Kitchen (The Property) is a 100% fee simple leased, single tenant NNN, 1,430 square foot retail property, located in Hartford, CT. Popeyes Louisiana Kitchen has 4 years remaining on a 10 year base lease term, followed by two, five year options and two, ten year options. The Property is located at the intersection of Albany Ave and Lenox St. Popeyes Louisiana Kitchen has more than 40 years of history and culinary tradition. They distinguish themselves with a unique New Orleans style menu and on They distinguish themselves with a unique New Orleans style menu and one of the world's largest quick service restaurant chicken concepts with over 2,600 restaurants in the U.S. and around the world.