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Restaurant

Popeyes

2021 Rees St, Breaux Bridge, LA 70517

Listing Price: $3,142,244

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
23.5
Guarantor
Franchisee Guarantee
Rentable SF
5,497
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.01

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 2021 Rees Street in Breaux Bridge, LA. The site consists of roughly 5,497 rentable square feet of building space on estimated 1.39-acre parcel of land. This Popeyes is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 31st, 20. The current annual rent is $164,968 and is scheduled to increase by 1.75%annually, beginning in January 2027, throughout the base term and in each of the 2, 5-year renewal options.

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in January 2027
  • Two (2) Tenant Renewal Period of Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $3,142,244

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
23.5
Guarantor
Franchisee Guarantee
Rentable SF
5,497
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.01

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in January 2027
  • Two (2) Tenant Renewal Period of Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 2021 Rees Street in Breaux Bridge, LA. The site consists of roughly 5,497 rentable square feet of building space on estimated 1.39-acre parcel of land. This Popeyes is subject to a 25-year absolute triple-net (NNN) lease, which commenced December 31st, 20. The current annual rent is $164,968 and is scheduled to increase by 1.75%annually, beginning in January 2027, throughout the base term and in each of the 2, 5-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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