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Popeyes, Inc 6509 W Park Ave 2,345 SF Retail Building Houma, LA 70364 $2,264,640 ($965.73/SF) 5.75% 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 6509 W Park Ave, Houma, LA 70364. The site consists of roughly 2,345 rentable square feet of building space on an estimated 0.48-acre parcel of land. This Popeyes is subject to a 25 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $130,217 and has scheduled increases of 1.75% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,345 SF
Building Class
C
Year Built/Renovated
1983/2000
Price
$2,264,640
Price Per SF
$965.73
Cap Rate
5.75%
NOI
$130,217
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.48 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13172 | Improvements Assessment | $30,980 |
| Land Assessment | $5,070 | Total Assessment | $36,050 |
PROPERTY TAXES
Parcel Number
13172
Land Assessment
$5,070
Improvements Assessment
$30,980
Total Assessment
$36,050
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Popeyes, Inc | 6509 W Park Ave
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