Popeyes Louisiana Kitchen 1127 W Lincoln Hwy

Investment Highlights

Adjacent to Northern Illinois University, home to a student population exceeding 20,130. Within a mile from Husky Stadium, with a seating capacity of 24,000, hosting Northern Illinois' NCAA football games, soccer, cross country, and variou Just cross to student housing facilities, which encompass apartment complexes and student dormitories. Within a strong retail trade corridor surrounded by numerous national major retailers including Starbucks, Chipotle, Burger King, McDonald's,CVS, Taco

Executive Summary

The Popeye?s is located at the entrance to the southern part of the Northern Illinois University with traffic count of 22,272per day.Northern Illinois University is a NCAA division I college with over 20,130+ students plus faculties and staffs. The site is at the entrance to the parking lot for student housings and Husky Stadium, a 24,000 seating capacity stadium home to Northern Illinois' NCAA football games, soccer, cross coun try and numerous other events.The site is within a strong retail trade corridor surrounded by numerous national major retailers including Starbucks, Chipotle, Burger King, McDonald's, CVS, Taco Bell, Sonic, and many more. The site is surrounded by residential neighborhoods and student hou sing facilities including multiple apartment complexes and dorms. The population has Increased 15% since 2000 demonstrating a strong population growth.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Restaurant General Retail Storefront General Retail Storefront Retail/Residential Fast Food
• Building Size    2,695
• Building Class    B
• Year Built    2016
• Price    2,131,000
• Price Per SF    791
• Cap Rate    6
• NOI    127,860
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    0.76 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.