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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
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| 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