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Restaurant

Popeyes | 20 Years Remaining | Increases Every 5 Years

7670 Troy Pike, Dayton, OH 45424

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.69

Investment Overview

The Tenant, GOC Realco LLC, executed a new 20-year NNN ground lease with four, five-year renewal options. The lease features 10 percent rental increases every five years and is guaranteed by Gilligan Company. Gilligan Company has been in business since 1993, and operates over 90 quick-serve restaurants and convenience stores across Ohio and Indiana.

Investment Highlights

  • New Construction 20-Year Lease with 10 Percent Increases Every Five Years
  • Strong Franchisee with Over 90 QSR and C-Store Units
  • Part of New Nine Plus Acre Project with Esteemed Names such as Sheetz, Discount Tire and Dunkin' Donuts

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Restaurant

Popeyes | 20 Years Remaining | Increases Every 5 Years

Listing Price: $1,900,000

Cap Rate
5.00%
Tenant Name
Popeyes
Years Remaining On Lease
20.2
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.69

Investment Highlights

  • New Construction 20-Year Lease with 10 Percent Increases Every Five Years
  • Strong Franchisee with Over 90 QSR and C-Store Units
  • Part of New Nine Plus Acre Project with Esteemed Names such as Sheetz, Discount Tire and Dunkin' Donuts

Investment Overview

The Tenant, GOC Realco LLC, executed a new 20-year NNN ground lease with four, five-year renewal options. The lease features 10 percent rental increases every five years and is guaranteed by Gilligan Company. Gilligan Company has been in business since 1993, and operates over 90 quick-serve restaurants and convenience stores across Ohio and Indiana.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

  • Jared Cassidy

    First Vice President, Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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