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Popeye's - Fitchburg, WI 2844 Fish Hatchery Rd 4,442 SF Retail Building Madison, WI 53713 $3,350,000 ($754.16/SF) 6.09% Cap Rate
Investment Highlights
- Lease expires December 2038, offering 12+ years of stable income.
- 1.5% Annual Rent Increases
- Minutes from Beltline Highway (US-12/18) and US-14, providing strong regional commuter traffic and access.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
4,442 SF
Building Class
C
Year Built
2014
Price
$3,350,000
Price Per SF
$754.16
Cap Rate
6.09%
NOI
$203,856
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.52 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
58 Spaces (13.06 Spaces per 1,000 SF Leased)
Frontage
238’ on Fish Hatchery Rd.
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 4,442 SF
- $45.24
- Triple Net
- Dec 2038
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 | 4,442 SF | $45.24 | Triple Net | Dec 2038 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0609-031-1881-6 | Improvements Assessment | $698,300 |
| Land Assessment | $1,068,200 | Total Assessment | $1,766,500 |
Property Taxes
Parcel Number
0609-031-1881-6
Land Assessment
$1,068,200
Improvements Assessment
$698,300
Total Assessment
$1,766,500
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Popeye's - Fitchburg, WI | 2844 Fish Hatchery Rd
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