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Restaurant

Popeyes

1801B N Velasco St, Angleton, TX 77515

Listing Price: $2,786,517

Cap Rate
4.45%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,700
Lease Type
Absolute Net
Rent Per Square Feet
$45.93

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding Popeye's. This site is operated by the largest Popeye's franchisee in the system and is subject to a brand new 20-year NNN lease with 10% rental increases every five (5) years making for a perfect hands-off investment for an out-of-state investor.

Investment Highlights

  • INTERNAL HIGHLIGHT: Potential 3% Co-Op Fee Through Incentivized Fee Structure. See Rep Agreement
  • Fee Simple | Brand New 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
  • Excellent Guaranty | Operated by the Largest Popeye's Franchisee

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Listing Price: $2,786,517

Cap Rate
4.45%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,700
Lease Type
Absolute Net
Rent Per Square Feet
$45.93

Investment Highlights

  • INTERNAL HIGHLIGHT: Potential 3% Co-Op Fee Through Incentivized Fee Structure. See Rep Agreement
  • Fee Simple | Brand New 20-Year Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases | 10% Every 5 Years, Including Option Periods
  • Excellent Guaranty | Operated by the Largest Popeye's Franchisee

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding Popeye's. This site is operated by the largest Popeye's franchisee in the system and is subject to a brand new 20-year NNN lease with 10% rental increases every five (5) years making for a perfect hands-off investment for an out-of-state investor.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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