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Popeyes 6831 Odana Rd 3,500 SF Retail Building Madison, WI 53719 $2,051,000 ($586/SF) 5.85% Cap Rate
Investment Highlights
- 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Strong Personal Guaranty from High-Net-Worth Operator
- Popeyes is the 2nd Largest Chicken Chain in the U.S.
- High-Performing Store with Above Average Sales, Low Rent-to-Sales Ratio at 5.8%
- Experienced Franchisee of Popeyes, Checkers, and BP, 70+ Locations and Growing
- Brand New Construction with Double Drive-Thru, Modern Prototype Design
Executive Summary
A Prime Investment Opportunity! 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2024
Price
$2,051,000
Price Per SF
$586
Cap Rate
5.85%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
G2 - Commercial
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
218’ on Odana Road
Amenities
- Drive Thru
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0708-252-0424-4 | Improvements Assessment | $1,187,600 |
| Land Assessment | $781,700 | Total Assessment | $1,969,300 |
Property Taxes
Parcel Number
0708-252-0424-4
Land Assessment
$781,700
Improvements Assessment
$1,187,600
Total Assessment
$1,969,300
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Popeyes | 6831 Odana Rd
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