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Restaurant

Popeyes

20118 Mountain Hwy E, Spanaway, WA 98387

Listing Price: $3,364,150

Cap Rate
4.75%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located in Spanaway, WA. The property consists of 2,333 square feet of building space and is situated on an estimated 1.00-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is$159,797 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2.0%) Annually Beginning in Year 6

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Listing Price: $3,364,150

Cap Rate
4.75%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.8
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$68.49

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2.0%) Annually Beginning in Year 6

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located in Spanaway, WA. The property consists of 2,333 square feet of building space and is situated on an estimated 1.00-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is$159,797 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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