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Restaurant

Popeyes

605 Martin Luther King Jr Blvd, Savannah, GA 31401

Listing Price: $2,390,000

Cap Rate
4.95%
Tenant Name
Popeyes
Years Remaining On Lease
18.1
Guarantor
Franchisee Guarantee
Rentable SF
3,024
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.12

Investment Overview

This Popeyes ground lease investment offering is located just off Interstate 16, in the heart of Savannah, Georgia. Martin Luther King Jr. Boulevard has a strong average daily traffic count of 16,000. Popeyes is adjacent Burger King, Wendy’s and Family Dollar. The property is located in a densely populated area with more than 112,000 residents in a five-mile radius and the average household income exceeds $62,000.

Investment Highlights

  • Annual CPI Rent Increases (There is No Maximum on the Annual Increase)
  • Strong Franchisee - Sailormen Inc. (200+ Units)
  • Absolute NNN Ground Lease - 18+ Years Remaining
  • Densely Populated Area-112,700 Residents (Five-Mile Radius)
  • Average Household Income Exceeds $62,000 (Five-Mile Radius)
  • The Property is Positioned Just off Interstate 16
  • Martin Luther King Jr. Blvd has Average Daily Traffic of 16,000

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,390,000

Cap Rate
4.95%
Tenant Name
Popeyes
Years Remaining On Lease
18.1
Guarantor
Franchisee Guarantee
Rentable SF
3,024
Lease Type
NNN Ground Lease
Rent Per Square Feet
$39.12

Investment Highlights

  • Annual CPI Rent Increases (There is No Maximum on the Annual Increase)
  • Strong Franchisee - Sailormen Inc. (200+ Units)
  • Absolute NNN Ground Lease - 18+ Years Remaining
  • Densely Populated Area-112,700 Residents (Five-Mile Radius)
  • Average Household Income Exceeds $62,000 (Five-Mile Radius)
  • The Property is Positioned Just off Interstate 16
  • Martin Luther King Jr. Blvd has Average Daily Traffic of 16,000

Investment Overview

This Popeyes ground lease investment offering is located just off Interstate 16, in the heart of Savannah, Georgia. Martin Luther King Jr. Boulevard has a strong average daily traffic count of 16,000. Popeyes is adjacent Burger King, Wendy’s and Family Dollar. The property is located in a densely populated area with more than 112,000 residents in a five-mile radius and the average household income exceeds $62,000.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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