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Restaurant

Popeyes

1781 SE Ensign Ln, Warrenton, OR 97146

Listing Price: $3,240,000

Cap Rate
5.00%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,133
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.95

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1781 SE Ensign Lane in Warrenton, OR. The property consists of 2,133 square feet of building space and is situated on an estimated 0.49-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $162,000 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Tenant will Begin Construction at the Close of Escrow
  • Rent will Commence at Store Opening

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Listing Price: $3,240,000

Cap Rate
5.00%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,133
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.95

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Tenant will Begin Construction at the Close of Escrow
  • Rent will Commence at Store Opening

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1781 SE Ensign Lane in Warrenton, OR. The property consists of 2,133 square feet of building space and is situated on an estimated 0.49-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $162,000 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

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