Historical Retail Sale Listing - Popeye's Chicken & Biscuits

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Popeye's Chicken & Biscuits

9854 Halls Ferry Road, Saint Louis, MO 63136

N/A

1,959 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
1,959 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Investment
Cap Rate:
8.25%
Tenancy:
Single
Lot Size:
1.70 AC
Listing ID
17520833
Last Updated
over 1 year ago

Description

We are pleased to present the exclusive listing of 9854 Halls Ferry Road; located in St. Louis, Missouri. The investment is a Popeye' s Chicken & Biscuits restaurant, which is an absolute NNN lease with seven and a half years remaining. The lease commenced on March 23, 1999 and includes two five-year options. The lease has annual increases of the lesser of two percent or three times CPI. The property has an attractive cap rate of 8.25 percent and absolutely no landlord responsibilities. The building is 1,959 square feet.
The lease is guaranteed by Interfoods of America d/b/a Sailormen Inc. Interfoods of America are the largest US franchisee of Popeye' s restaurants with about 160 locations mostly in Florida. The restaurants are operated through the company's wholly owned subsidiary Sailormen. Popeye' s, one of the leading fast-food chicken chains, serves spicy fried chicken and a variety of side dishes, including biscuits and gravy. Interfoods franchise' s the restaurants from AFC Enterprises. CEO Robert Berg and President Steven Wemple took the company private in 2002.

This investment opportunity is located on Halls Ferry Road in St. Louis, Missouri. It is located just off of Interstate 270 and Interstate 170 and 70 are close by. As a result of the excellent location on this major commercial thoroughfare the traffic count on Halls Ferry Road is over 27,000 vehicles per day and the traffic in the immediate area on Lucas and Hunt Road is over 18,000 vehicles per day.
The subject site is also located near many local and national commercial establishments. National retail tenants in the immediate area include Family Dollar, Rally's, Walgreens, 7-Eleven and several others. The property is also located about 1 mile from Taco Bell, Subway's Sandwiches and Salads, Domino's Pizza and River Roads Shopping Center. Additionally, Broadway Plaza Mall is less than three miles away.
The subject is located just 10 miles north of the heart of downtown St. Louis, Missouri and just seven miles east of the Lambert International Airport. The Gateway City has plenty to offer its visitors with fun, family-friendly activities, great entertainment venues and an exciting nightlife. Relax in a cozy neighborhood cafe, tour a local brewery.

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Created 2/7/2012