Restaurant
Popeyes
1781 SE Ensign Ln, Warrenton, OR 97146
Listing Price: $2,890,650
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1781 SE Ensign Lane in Warrenton, OR. The property consists of 2,133 square feet of building space and is situated on an estimated 0.49-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 $158,986 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.
Listing Price: $2,890,650
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 1781 SE Ensign Lane in Warrenton, OR. The property consists of 2,133 square feet of building space and is situated on an estimated 0.49-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 $158,986 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.
