Your email has been sent.
Popeyes 15655 NW US Highway 441 1,930 SF Retail Building Alachua, FL 32615 $2,664,869 ($1,380.76/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease: Zero Landlord Responsibilities. This lease is structured as an absolute NNN, offering passive income with no landlord maintenance
- Corporate Guarantee: The lease is corporately guaranteed by Sailormen Inc., one of the largest franchisee operators of Popeye’s in the country, with ~
- Attractive Rental Increases: The lease includes 10% rent increases every five (5) years (including options), providing a strong hedge against inflatio
- Established Tenant with Long-Term Commitment: Popeyes, a nationally recognized quick-service chicken brand, has ±16 years remaining on their current t
- Large ±1.15 Acre Parcel: Situated on a highly desirable ±1.15-acre parcel, the property offers excellent frontage, visibility, and access within a den
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
- -
- $72.17
- Triple Net
- -
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | - | $72.17 | Triple Net | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03869-003-001 | Improvements Assessment | $0 |
| Land Assessment | $100 | Total Assessment | $100 |
PROPERTY TAXES
Presented by
Popeyes | 15655 NW US Highway 441
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.