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Popeyes 1209 W Oak St 2,250 SF Retail Building Amite, LA 70422 $2,984,333 ($1,326.37/SF) 6% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Strong Unit-Level Financials
- Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
- Strategic Location Adjacent to Walmart
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 1209 W Oak St, Amite, LA 70422. The site consists of roughly 2,250 rentable square feet of building space on an estimated 0.69-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $179,060 and has scheduled increases of 1.75% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,250 SF
Building Class
C
Year Built
2004
Price
$2,984,333
Price Per SF
$1,326.37
Cap Rate
6%
NOI
$179,060
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.69 AC
Opportunity Zone
Yes
Nearby Major Retailers
Property Taxes
| Parcel Number | 06149421 | Improvements Assessment | $23,472 |
| Land Assessment | $16,200 | Total Assessment | $39,672 |
Property Taxes
Parcel Number
06149421
Land Assessment
$16,200
Improvements Assessment
$23,472
Total Assessment
$39,672
Contacts
-
Glen Kunofsky -
James Westerberg -
Francis Purritano -
Christopher Marks -
Tyler Hardin -
Surmount
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Popeyes | 1209 W Oak St
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