Restaurant
Popeyes
396 E Main St, Senatobia, MS 38668
Listing Price: $2,181,267
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 $130,876 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: $2,181,267
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 $130,876 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
