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Restaurant

Popeyes

396 E Main St, Senatobia, MS 38668

Listing Price: $2,516,117

Cap Rate
5.15%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,712
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.78

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 396 E. Main Street in Senatobia, MS. The site consists of roughly 2,712 rentable square feet of building space on estimated 0.58-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 $129,580 and is scheduled to increase by 1.00%annually throughout the base term and in each of the 6, 5-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.5 Years Remaining
  • One Percent (1%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Listing Price: $2,516,117

Cap Rate
5.15%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.5
Guarantor
Franchisee Guarantee
Rentable SF
2,712
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$47.78

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 396 E. Main Street in Senatobia, MS. The site consists of roughly 2,712 rentable square feet of building space on estimated 0.58-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 $129,580 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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

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