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Restaurant

Popeyes w/ Drive Thru | Home of Purdue University | 20-Year Absolute NNN Lease

Sachem Ct S, West Lafayette, IN 47906

Listing Price: $3,855,422

Cap Rate
4.15%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,509
Guarantor
Franchisee Guarantee
Rentable SF
2,509
Price/Gross SF
$1,536.64
Lease Type
Absolute Net
Rent Per Square Feet
$63.77

Investment Overview

West Lafayette, Indiana, is about 65 miles northwest of the state capital of Indianapolis and 113 miles southeast of Chicago. It is the most densely populated city in Indiana and is home to Purdue University’s main campus. The economy of West Lafayette is heavily influenced by the presence of Purdue University, with an enrollment of more than 40,000 students and 12,000 employees. Purdue University is a more than 150 year old institution and has been recognised as a Tier 1 Research University, the top ranked University in the Big Ten Conference, and the US’ 5th Most Innovative School according to U.S. News & World Report. West Lafayette is directly across the Wabash River from its sister city, Lafayette. As of the 2020 census, the total population was 122,224. The 725-acre Purdue University Research Park, established in 1961, is directly across from Popeyes and is home to more than 140 companies of which nearly 100 are technology related. It is one of the largest university-affiliated research parks in the United States.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. New Prototype Features a Double Drive-Thru and Qualifies for Depreciation.
  • Positioned Along Area's Major Traffic & Retail Corridor - Site Offers Excellent Connectivity to Major Thoroughfares - Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 20k Vehicles.
  • West Lafayette is the most Densely Populated City in Indiana and features more than 116k People Residing within a 5-Mile Radius.
  • Minutes from Purdue University's Main Campus - Ranked among the Best Public Universities in the United States with an Enrollment of over 40k Students.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Menards, Meijer, CVS Pharmacy, Walgreens, Fresh Thyme Market, ALDI and many more.
  • Across from Purdue University Research Park - the Largest University-Affiliated Research Park in the U.S. - Home to 200 Companies Encompassing Numerous Industries and Fields of Study.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Popeyes w/ Drive Thru | Home of Purdue University | 20-Year Absolute NNN Lease

Listing Price: $3,855,422

Cap Rate
4.15%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,509
Guarantor
Franchisee Guarantee
Rentable SF
2,509
Price/Gross SF
$1,536.64
Lease Type
Absolute Net
Rent Per Square Feet
$63.77

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. New Prototype Features a Double Drive-Thru and Qualifies for Depreciation.
  • Positioned Along Area's Major Traffic & Retail Corridor - Site Offers Excellent Connectivity to Major Thoroughfares - Easy Access & Excellent Visibility w/ Daily Traffic Counts Exceeding 20k Vehicles.
  • West Lafayette is the most Densely Populated City in Indiana and features more than 116k People Residing within a 5-Mile Radius.
  • Minutes from Purdue University's Main Campus - Ranked among the Best Public Universities in the United States with an Enrollment of over 40k Students.
  • Adjacent to Walmart Supercenter and near Numerous National Retailers Including Menards, Meijer, CVS Pharmacy, Walgreens, Fresh Thyme Market, ALDI and many more.
  • Across from Purdue University Research Park - the Largest University-Affiliated Research Park in the U.S. - Home to 200 Companies Encompassing Numerous Industries and Fields of Study.

Investment Overview

West Lafayette, Indiana, is about 65 miles northwest of the state capital of Indianapolis and 113 miles southeast of Chicago. It is the most densely populated city in Indiana and is home to Purdue University’s main campus. The economy of West Lafayette is heavily influenced by the presence of Purdue University, with an enrollment of more than 40,000 students and 12,000 employees. Purdue University is a more than 150 year old institution and has been recognised as a Tier 1 Research University, the top ranked University in the Big Ten Conference, and the US’ 5th Most Innovative School according to U.S. News & World Report. West Lafayette is directly across the Wabash River from its sister city, Lafayette. As of the 2020 census, the total population was 122,224. The 725-acre Purdue University Research Park, established in 1961, is directly across from Popeyes and is home to more than 140 companies of which nearly 100 are technology related. It is one of the largest university-affiliated research parks in the United States.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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