Log In/Sign Up
Your email has been sent.
4002 E Washington Ave
Madison, WI 53704
Popeyes · Retail Property For Sale
Executive Summary
100% fee simple interest in a Popeyes location on Madison’s East Side. The investment offers minimal Landlord responsibilities,10% rent increases every five years, and 20 years of option periods…personally guaranteed by a 66+ unit operator. The property is positioned on a hard corner signalized intersection along East Washington Avenue with over 45,000 VPD and excellent visibility. The site benefits from great access, ample parking (11:1), significant drive-thru stacking, pylon signage, and is surrounded by many national retailers.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,806 SF
Building Class
B
Year Built/Renovated
1956/2020
Price
$2,250,000
Price Per SF
$591.17
Cap Rate
6.51%
NOI
$146,531
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.09 AC
Zoning
WP-15 - Commercial
Amenities
- Bus Line
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 0810-284-0501-8 | Improvements Assessment | $981,300 |
| Land Assessment | $443,100 | Total Assessment | $1,424,400 |
Property Taxes
Parcel Number
0810-284-0501-8
Land Assessment
$443,100
Improvements Assessment
$981,300
Total Assessment
$1,424,400
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
