About This Restaurant
Investment Highlights
Long Term Lease | Brand New Long Term, 20-Year Lease that Commenced in June 2023 Student Presence in Immediate Area | Hermiston High School | Less Than 2 Miles South of the Subject Property | Over 1,500 Student Enrolled Dense Urban Infil | Auto Zone, Taco Bell, Aarons, Jack in the Box, Starbucks, Walmart, McDonalds, Sherwin Williams, O?Reilly Auto Parts & Many More
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Popeyes located at1680 N 1st St, Hermiston, OR 97838. The site consists of roughly 2,536rentable square feet of building space on an estimated 0.82-acre parcel ofland. This Popeyes is subject to a 20-year Triple Net (NNN) lease, whichcommenced 6/1/2023. The current annual rent is $215,000 and hasscheduled increases of 1.75% Annually Starting Year 7.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,536
- Year Built 2023
- Price 3,440,000
- Price Per SF 1,356
- Cap Rate 6.25
- NOI 215,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.82 AC
| Date Created: | 2024-07-16 04:18:09 | Last Updated: | 2024-07-16 04:18:09 |
| Address: | 1680 1st St , Hermiston, Oregon, 97838 | ||