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Popeyes 107 Apple ave 2,695 SF 100% Leased Retail Building Dothan, AL 36303 $1,834,756 ($680.80/SF) 6.75% Cap Rate
Investment Highlights
- Demographics Supporting Long-Term QSR Demand
- Regional Access and Airport Connectivity
- Nearby Schools and Education-Based Demand
- Dense National Retail and Restaurant Co-Tenancy
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 107 Apple Avenue, Dothan, AL 36303. The site consists of roughly 2,695 rentable square feet of building space on an estimated .93-acre parcel of land. Popeyes is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $123,846 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
2,695 SF
Year Built
2020
Price
$1,834,756
Price Per SF
$680.80
Cap Rate
6.75%
NOI
$123,846
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.93 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 0904170000004059 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $206,020 |
Property Taxes
Parcel Number
0904170000004059
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$206,020
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Popeyes | 107 Apple ave
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