Popeyes -6.00% CAP- New 15 YR NNN Lease 6741 Veterans

6741 Veterans , Columbus, Georgia, 31909 | 2,200 sq.f | $ 2,750,000

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About This Restaurant

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 Details

  • Sale Type    Investment NNN
  • Sale Condition    Sale Leaseback
  • Property Type    Retail
  • Property Subtype    Storefront Storefront General Retail Fast Food Storefront
  • Building Size    2,200
  • Building Class    B
  • LoopNet Rating    4 Star
  • Year Built    2023
  • Price    2,750,000
  • Price Per SF    1,250
  • Cap Rate    6
  • NOI    165,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.01
  • Land Acres    4.39 AC

Nearby Amenities & Transportation

Retail Panda Express
Retail Waffle House
Retail Five Guys
Retail CAVA
Retail Winn-Dixie
Retail McAlister's Deli
Retail Hooters
Retail Cheddars Casual Cafe
Retail Starbucks
Retail Bonefish Grill

Property Taxes

Parcel Number 072-014-002 Improvements Assessment $825,544
Land Assessment $0 Total Assessment $825,544
Date Created: 2024-07-16 04:13:35 Last Updated: 2024-07-16 04:13:35
Address: 6741 Veterans , Columbus, Georgia, 31909