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Restaurant

Popeyes

1315 E Hackberry St, Salem, IN 47167

Listing Price: $1,938,200

Cap Rate
5.00%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.4
Guarantor
Franchisee Guarantee
Rentable SF
2,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.08

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1315 E Hackberry St in Salem, IN. The site consists of roughly 2,480 rentable square feet of building space on estimated 1.20-acre parcel of land. This Popeyes is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 19th, 2019. The current annual rent is $96,910 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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $1,938,200

Cap Rate
5.00%
Tenant Name
Frayser Quality, LLC
Years Remaining On Lease
17.4
Guarantor
Franchisee Guarantee
Rentable SF
2,480
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$39.08

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 1315 E Hackberry St in Salem, IN. The site consists of roughly 2,480 rentable square feet of building space on estimated 1.20-acre parcel of land. This Popeyes is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 19th, 2019. The current annual rent is $96,910 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

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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