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Popeyes | 9+yrs Remain Abs NNN Grd Lse 1925 Sebastopol Rd 3,500 SF Retail Building Santa Rosa, CA 95407 $3,227,000 ($922/SF) 4.50% Cap Rate
Investment Highlights
- 9+ Years Remaining | Options to Extend | Experienced Operator
- Hard Corner Intersection (62,500 VPD) | Hwy 101 (130,000 VPD) |Across From Grocery Anchored Center (3M+ Annual Visits)|
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Affluent Community
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee simple (land ownership) in an absolute NNN, drive-thru equipped, Popeyes investment property located in Santa Rosa, California. The tenant, Norcal Cajun Foods II, Inc., has over 9 years remaining with 3 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The store is in the process of being remodeled in accordance with the brand’s modern store prototype using state-of-the-art materials (see page 7 for details).
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Year Built
2017
Price
$3,227,000
Price Per SF
$922
Cap Rate
4.50%
NOI
$145,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
22 Spaces (6.29 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,848,968 | |
| Land Assessment | $1,207,850 | Total Assessment | $3,056,818 |
Property Taxes
Parcel Numbers
Land Assessment
$1,207,850
Improvements Assessment
$1,848,968
Total Assessment
$3,056,818
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Popeyes | 9+yrs Remain Abs NNN Grd Lse | 1925 Sebastopol Rd
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