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461 Western Byp
Andalusia, AL 36420
Popeyes · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Popeyes in Andalusia, AL With Full 20 Years Remaining on Primary Term
- Attractive 7.5% Rent Increase Every 5 Years
- Strong Retail Traffic Drivers Nearby Including Ollie’s, Tractor Supply Company, Pic-nSav, and Dozens of Other National Credit Retail
- Absolute NNN Lease – Zero Landlord Responsibilities
- Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
- Strategically Positioned Along Western Bypass With Nearly 15,000 Vehicles Passing in Front of Subject Property Daily
EXECUTIVE SUMMARY
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Andalusia, AL. This property features a full 20-year primary lease term under an absolute NNN structure with zero landlord responsibilities and built-in 7.5% rent increases every five years.
In cooperation with Brian Brockman at Bang Realty-Alabama, Inc. | AL #119315 | bor@bangrealty.com | (513) 898-1551
In cooperation with Brian Brockman at Bang Realty-Alabama, Inc. | AL #119315 | bor@bangrealty.com | (513) 898-1551
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,709 SF
Building Class
C
Year Built
2019
Price
$2,583,335
Price Per SF
$953.61
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.00 AC
Frontage
280’ on Western Bypass
AMENITIES
- Drive Thru
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14-06-24-1-001-001.000 | Improvements Assessment | $166,240 |
| Land Assessment | $64,660 | Total Assessment | $230,900 |
PROPERTY TAXES
Parcel Number
14-06-24-1-001-001.000
Land Assessment
$64,660
Improvements Assessment
$166,240
Total Assessment
$230,900
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