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Restaurant

Popeyes w/ Double Dr-Thru | Outside Indianapolis | Strong Guarantee | Long Term Absolute Net Lease

2401 S Western Ave, Marion (Outside Indianapolis), IN 46953

Listing Price: $3,052,632

Cap Rate
4.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,570
Guarantor
Franchisee Guarantee
Rentable SF
2,570
Price/Gross SF
$1,187.79
Lease Type
Absolute Net
Rent Per Square Feet
$56.42

Investment Overview

Nestled approximately 60 miles northeast of Indianapolis, Marion is situated slightly north of the center of Boone-County and along Indiana Route 18. Marion is a “full service” city offering a mix of residential, commercial, industrial and educational environments allowing its residents an excellent quality of life. Marion and Grant County have many job opportunities to offer residents, and the county’s main growth focus includes the automotive industry, distribution industry, and food processing industry. The region’s largest automotive manufacturer, General Motors, is one of the county’s largest employers and a strong contributor to the community. Sitting in prime territory for food processing, major food processors and employers in the area include Weaver Popcorn, Diamond Foods, Agricor, Café Valley and Canine’s Choice. Numerous well-known retail brands operate distribution centers out of Marion area, including Wal-Mart, Dollar General, Dunham’s Athleisure, Hartson-Kennedy Cabinet, and the Tree of Life Bookstores.

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New Construction NOLA All-Brick Prototype Popeyes featuring a Double Drive-Thru.
  • The Property is Strategically located along South Western Avenue, a Highly-Trafficked Retail Corridor (26k+ VPD) - Features Easy Access and Excellent Visibility.
  • The City of Marion is known for Providing Residents with an Excellent Quality of Life, with 93% of Residents Voting so in a 2019 Survey.
  • Grant County, Indiana, is only 65 Miles North of Indianapolis, a city known as the "Crossroads of America." Easy access to Major Cities, and is w/in 4 Hours drive-time of Chicago, Cincinnati, Columbus, Detroit, Louisville, and St. Louis.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Lowe's, Tractor Supply, Harbor Freight, Meijer, TJ Maxx, Walgreens, ALDI, Big Lots and many more.
  • Adjacent to Marion High School (1,035+ Students) and Walking Distance from Indiana Wesleyan University (2,600+ Students) providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Restaurant

Popeyes w/ Double Dr-Thru | Outside Indianapolis | Strong Guarantee | Long Term Absolute Net Lease

Listing Price: $3,052,632

Cap Rate
4.75%
Tenant Name
Popeyes
Years Remaining On Lease
20.0
Gross SF
2,570
Guarantor
Franchisee Guarantee
Rentable SF
2,570
Price/Gross SF
$1,187.79
Lease Type
Absolute Net
Rent Per Square Feet
$56.42

Investment Highlights

  • 20 Year Absolute Net Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New Construction NOLA All-Brick Prototype Popeyes featuring a Double Drive-Thru.
  • The Property is Strategically located along South Western Avenue, a Highly-Trafficked Retail Corridor (26k+ VPD) - Features Easy Access and Excellent Visibility.
  • The City of Marion is known for Providing Residents with an Excellent Quality of Life, with 93% of Residents Voting so in a 2019 Survey.
  • Grant County, Indiana, is only 65 Miles North of Indianapolis, a city known as the "Crossroads of America." Easy access to Major Cities, and is w/in 4 Hours drive-time of Chicago, Cincinnati, Columbus, Detroit, Louisville, and St. Louis.
  • In Close Proximity to Numerous National Retailers Including Walmart Supercenter, Lowe's, Tractor Supply, Harbor Freight, Meijer, TJ Maxx, Walgreens, ALDI, Big Lots and many more.
  • Adjacent to Marion High School (1,035+ Students) and Walking Distance from Indiana Wesleyan University (2,600+ Students) providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Nestled approximately 60 miles northeast of Indianapolis, Marion is situated slightly north of the center of Boone-County and along Indiana Route 18. Marion is a “full service” city offering a mix of residential, commercial, industrial and educational environments allowing its residents an excellent quality of life. Marion and Grant County have many job opportunities to offer residents, and the county’s main growth focus includes the automotive industry, distribution industry, and food processing industry. The region’s largest automotive manufacturer, General Motors, is one of the county’s largest employers and a strong contributor to the community. Sitting in prime territory for food processing, major food processors and employers in the area include Weaver Popcorn, Diamond Foods, Agricor, Café Valley and Canine’s Choice. Numerous well-known retail brands operate distribution centers out of Marion area, including Wal-Mart, Dollar General, Dunham’s Athleisure, Hartson-Kennedy Cabinet, and the Tree of Life Bookstores.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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