Restaurant
Popeyes
4201 Hacks Cross, Memphis, TN 38125
Listing Price: $2,945,583
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 4201 Hacks Cross in Memphis, TN. The site consists of roughly 2,262 rentable square feet of building space on estimated 0.56-acre parcel of land. This Popeyes is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 30th, 2020. The current annual rent is $176,735 and is scheduled to increase by 1.00% annually throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
Listing Price: $2,945,583
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 17.5 Years Remaining
- One Percent (1%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 4201 Hacks Cross in Memphis, TN. The site consists of roughly 2,262 rentable square feet of building space on estimated 0.56-acre parcel of land. This Popeyes is subject to a 20-year absolute triple-net (NNN) lease, which commenced January 30th, 2020. The current annual rent is $176,735 and is scheduled to increase by 1.00% annually throughout the base term and in each of the 6, 5-year renewal options.
Exclusively Listed By
Broker of Record
