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100 Hickory Level Rd
Villa Rica, GA 30180
Popeyes | 10+ Years Remaining | Corner Lot · Retail Property For Sale
Investment Highlights
- 4,900+ POPEYES LOCATIONS WORLDWIDE
- RBI BOASTS $45 BILLION ANNUAL REVENUE | 32,000+ LOCATIONS ACROSS MULTIPLE BRANDS
- PSMC IS FRANCHISEE OF POPEYES, DUNKIN’, RENT-A-CENTER, TAKE 5 OIL CHANGE AND MORE
- POPEYES IS OWNED BY RESTAURANT BRANDS INTERNATIONAL, INC. (“RBI”)
- LEASE GUARANTY FROM PURPLE SQUARE MANAGEMENT COMPANY, LLC (“PSMC”)
- PSMC OPERATES 250+ LOCATIONS ACROSS MULTIPLE BRANDS
Executive Summary
PROPERTY HIGHLIGHTS
• ABSOLUTE TRIPLE NET (NNN) LEASE
• 15-YEAR INITIAL LEASE TERM
• 10% INCREASES EVERY 5 YEARS
• NEW 2021 CONSTRUCTION
• CORNER LOT AT LIGHTED INTERSECTION | 26,300 VPD ON CARROLLTON VILLA RICA HIGHWAY
• STRONG DEMOGRAPHICS | 42,000+ 5-MILE POPULATION
• ALONG RETAIL CORRIDOR WITH WALMART, HOME DEPOT, STARBUCKS, WALGREENS, CVS, CHICK-FIL-A AND MORE
• ABSOLUTE TRIPLE NET (NNN) LEASE
• 15-YEAR INITIAL LEASE TERM
• 10% INCREASES EVERY 5 YEARS
• NEW 2021 CONSTRUCTION
• CORNER LOT AT LIGHTED INTERSECTION | 26,300 VPD ON CARROLLTON VILLA RICA HIGHWAY
• STRONG DEMOGRAPHICS | 42,000+ 5-MILE POPULATION
• ALONG RETAIL CORRIDOR WITH WALMART, HOME DEPOT, STARBUCKS, WALGREENS, CVS, CHICK-FIL-A AND MORE
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,145 SF
Building Class
B
Year Built
2021
Price
$2,533,000
Price Per SF
$1,180.89
Cap Rate
6%
NOI
$152,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.92 AC
Zoning
GC
Amenities
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | V07-0140412 | Improvements Assessment | $283,122 |
| Land Assessment | $294,400 | Total Assessment | $577,522 |
Property Taxes
Parcel Number
V07-0140412
Land Assessment
$294,400
Improvements Assessment
$283,122
Total Assessment
$577,522
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