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Restaurant

Popeyes

1680 N 1st St, Hermiston, OR 97838

Listing Price: $3,324,864

Cap Rate
5.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,536
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.11

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1680 N 1st Street, Hermiston, OR 97838. The property consists of a 2,536 square feet of building space and is situated on an estimated 0.82-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that commenced on upon the close of escrow. The base rent is $182,868 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
  • Tenant will Begin Construction at the Close of Escrow
  • Rent will Commence at Store Opening

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $3,324,864

Cap Rate
5.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.6
Guarantor
Franchisee Guarantee
Rentable SF
2,536
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$72.11

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Tenant will Begin Construction at the Close of Escrow
  • Rent will Commence at Store Opening

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1680 N 1st Street, Hermiston, OR 97838. The property consists of a 2,536 square feet of building space and is situated on an estimated 0.82-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that commenced on upon the close of escrow. The base rent is $182,868 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

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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