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Popeyes 401 Tate Cove Rd 3,013 SF Retail Building Ville Platte, LA 70586 $1,770,017 ($587.46/SF) 6% Cap Rate
Investment Highlights
- Strong Franchisee Guarantee
- Strong Unit-Level Financials
- Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
- Dense Retail Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Popeyes located at 401 Tate Cove Rd, Ville Platte, LA 70586. The site consists of roughly 3,013 rentable square feet of building space on an estimated 1-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $106,201 and has scheduled increases of 1.75% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,013 SF
Year Built
1992
Price
$1,770,017
Price Per SF
$587.46
Cap Rate
6%
NOI
$106,201
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 1110013135A | Improvements Assessment | $53,630 |
| Land Assessment | $10,250 | Total Assessment | $63,880 |
Property Taxes
Parcel Number
1110013135A
Land Assessment
$10,250
Improvements Assessment
$53,630
Total Assessment
$63,880
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Popeyes | 401 Tate Cove Rd
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