720 S Ohio St
Salina, KS 67401
Popeyes GL | 14 Year Absolute NNN Lease · Retail Property For Sale

CBRE and the Net Lease Property Ground in Phoenix have exclusively listed this single-tenant Popeyes Louisiana Kitchen ground lease at 720 South Ohio Street in Salina, Kansas (The “Property”) for sale. The Property is located at the Intersection of Crawford Street and Ohio Street, near many of Salina’s top local attractions. The investment consists of a brand-new single-tenant Popeye’s Louisiana Kitchen ground lease, with approximately 14 years remaining in the initial term. The lease includes attractive 10% rental increases every five years in the initial term and throughout the three (3), five (5) year options. The Property is made up of ±2,342 rentable square feet on approximately 33,320 square feet of land. Founded in New Orleans in 1972, Popeyes® has more than 40 years of history and culinary tradition. Popeyes® distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp, and other regional items. The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes® to become one of the world’s largest quick service restaurant chicken concepts with over 2,700 restaurants in the U.S. and around the world (Source: rbi.com/brands). Nestled at the crossroads of I-70 and I-135, Salina is a peaceful, accessible, and connected community offering a comfortable lifestyle for families and young professionals. The restaurant is conveniently positioned near the heart of downtown Salina, near many of Salina’s top attractions. Downtown Salina is a destination location, home to the beautiful 1931 historical Stiefel Theatre, Smoky Hill Museum, and the brand new 70,000 square foot Salina Fieldhouse. Just down the street from the Property, you will find Tony’s Pizza Event Center and Kenwood Cove Aquatic Park. Nicknamed the “Midwest’s Meeting Place”, Tony’s Event Center is a state-of-the-art venue with over 40,000 square feet of convention space. Kenwood Cove is the area’s largest aquatic park featuring thrill rides, slides, waves, a lazy-river and more.