Popeye's Louisiana Kitchen 715 W Norton Ave

715 W Norton Ave , Muskegon, Michigan, 49441 | 2,541 sq.f | $ 1,684,210

Card image
Card image
Card image

About This Restaurant

Investment Highlights

Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building 8% Rental Increases in the Initial Term and All Options - Inflationary Resistant Lease Drive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton Ave. 18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew Popeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries Worldwide Strong QSR Demographics

Executive Summary

Absolute NNN Lease - Zero Landlord Responsibilities - Tenant is Responsible for All Taxes, Insurance, Maintenance and Management on the Building18 Years Remaining on a Lease Equipped with 4, Five Year Options to Renew8% Rental Increases in the Initial Term and All Options - Inflationary Resistant LeasePopeyes Louisiana Kitchen is the Second Largest QSR Chicken Restaurant Group with 3,400+ Locations in More than 40 States and 30 Countries WorldwideDrive Thru Equipped Location - Excellent Signage, Ingress and Egress on W Norton AveSurrounded by National Retailers Such as Meijer, Walmart Supercenter, Home Depot, Aldi, CVS, Walgreens, Advance Auto Parts, O'Reilly, McDonald's, Taco Bell, Tim Hortons KFC, Burger King, Jimmy John's, Chipotle Mexican Grill and Many MoreStrong QSR Demographics

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    2,541
  • Building Class    C
  • Year Built/Renovated    1988/2020
  • Price    1,684,210
  • Price Per SF    663
  • Cap Rate    4.75
  • NOI    80,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.68 AC

Amenities

  • Bus Line
  • Pylon Sign
  • Signage

Nearby Amenities & Transportation

Retail Fifth Third Bank
Retail Chili's
Retail Comerica
Retail PNC Bank
Retail Wingstop
Retail Tim Hortons
Retail BIGGBY Coffee
Retail Huntington National Bank
Retail Independent Bank
Retail Russ' Restaurants

Property Taxes

Parcel Number 27-107-100-0004-00 Improvements Assessment $0
Land Assessment $0 Total Assessment $176,500
Date Created: 2024-07-16 04:16:18 Last Updated: 2024-07-16 04:16:18
Address: 715 W Norton Ave , Muskegon, Michigan, 49441