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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
Popeyes is a global quick-service restaurant brand focused on Louisiana-style fried chicken and related menu offerings. The company was founded in 1972 in the New Orleans suburb of Arabi, Louisiana, by entrepreneur Alvin C. Copeland Sr. Originally operating as “Chicken on the Run,” the concept was rebranded as Popeyes after introducing a spicier Cajun-influenced recipe that differentiated it from national competitors. Popeyes expanded through franchising beginning in the mid-1970s and established itself as a leading chicken-focused quick-service brand in the United States before expanding internationally.
| 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
Presented by
Popeye's | 450047 State Road 200
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