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Popeye's 450047 State Road 200 2,115 SF Retail Building Callahan, FL 32011 $2,600,000 ($1,229.31/SF) 5.58% Cap Rate
INVESTMENT HIGHLIGHTS
- Built in 2020 (newer construction)
- Guaranteed by Sailormen Inc.
- Surrounded by national retailers including McDonald’s, Hardee’s, Taco Bell, CVS, Dollar General, and others
- Absolute NNN lease — no landlord responsibilities
- Drive-thru location
EXECUTIVE SUMMARY
Situated along a well-traveled corridor, this location serves as a convenient quick-service restaurant for the surrounding community. The property is secured by a long-term Absolute NNN lease guaranteed by Sailormen, Inc.
Popeyes built this location in 2020 and has 9yrs remaining with 5 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in Income Tax Free State of Florida with minimal landlord responsibilities.
Please reach out for additional information!
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Founded in 1972, the Popeyes brand has decades of history and culinary tradition. Popeyes owes their beginnings to entrepreneur and culinary innovator, Al Copeland. With one small restaurant and a big idea, Copeland introduced the New Orleans–style fried chicken that has now made the brand famous throughout the world. Their culinary heritage is built upon the rich Cajun and creole flavor profiles that are unmistakably Louisiana. They continuously draw upon and celebrate this heritage to inspire new, authentic menu creations the world craves. Popeyes distinguishes themselves with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. This unique and flavorful food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants, with restaurants in the U.S. and around the world. Their history combined with great food, service and quality makes Popeyes restaurants genuine Louisiana Legends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-2N-25-0000-0012-0000 | Improvements Assessment | $617,783 |
| Land Assessment | $445,610 | Total Assessment | $1,063,393 |
PROPERTY TAXES
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Popeye's | 450047 State Road 200
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