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Popeyes 133 Hutton Pl 2,256 SF Retail Building Ashland City, TN 37015 $1,919,000 ($850.62/SF) 5.50% Cap Rate
Investment Highlights
- Over 13 Years Remaining on Triple-Net (NNN) Lease - Multi-Unit Operator
- Tenant Operates Over 230 Locations and Counting
- Rapidly Growing Trade Area in the Nashville MSA - Households and Population Projected to Increase 6-7 Percent in the Immediate Area by 2030
- 1 Percent Annual Rental Increases with Multiple Renewal Options
- Dense Retail Corridor Surrounded by National Tenants: Walmart, Dollar Tree, Taco Bell, Burger King, and More
- Excellent Frontage Along Highway 12 (Approximately 16,600 Cars per Day) with Direct Access to Downtown Nashville
Executive Summary
Founded in 1972, the Popeyes brand has more than 50 years of history and culinary tradition. Popeyes’ culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. New CFH, LLC (“NCFH”) is a 230-Unit entity, and wholly owned subsidiary of Restaurant Brands International, Inc. Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with nearly $47 billion in annual systemwide sales and over 33,000 restaurants in more than 120 countries and territories.
Ashland City in a town and the county seat of Cheatham County, Tennessee. Part of the Nashville metropolitan area, the town is home to over 5,600 residents.
Ashland City in a town and the county seat of Cheatham County, Tennessee. Part of the Nashville metropolitan area, the town is home to over 5,600 residents.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,256 SF
Building Class
B
Year Built
2019
Price
$1,919,000
Price Per SF
$850.62
Cap Rate
5.50%
NOI
$105,538
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.69 AC
Opportunity Zone
Yes
Frontage
228’ on HUTTON PL
Amenities
- Restaurant
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 062-003.03 | Improvements Assessment | $214,520 |
| Land Assessment | $146,000 | Total Assessment | $360,520 |
Property Taxes
Parcel Number
062-003.03
Land Assessment
$146,000
Improvements Assessment
$214,520
Total Assessment
$360,520
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