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Restaurant

POPEYES | 20YR NNN LEASE | HIGH PERFORMING SITE

2223 E Florence Blvd, Casa Grande, AZ 85122

Listing Price: $2,653,061

Cap Rate
4.90%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,554
Lease Type
Absolute Net
Rent Per Square Feet
$50.90

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding 2,554± SF Popeyes sitting on approximately 0.79± AC of land positioned in a heavily trafficked retail corridor. This site is operated by the largest Popeyes franchisee in the system and is subject to a 20-year NNN lease to commence at Closing with 10% rental increases every five (5) years making for a stable and hands-off investment. The property was recently fully renovated to include a high-end brick façade in 2016. The Subject Property is positioned in the heart of the 3rd largest county in Arizona (Pinal County) right off the major I-10 highway which experiences an average daily traffic count of 56,355. The site is located down the street from 1+ Million SF of national retailers including: Walmart, Ross, Best Buy, Kohl's, Marshalls, Michael's and many others.

Investment Highlights

  • 20 Year Absolute NNN Sale-Leaseback w/ 10% Rent Increases Every Five (5) Years
  • Excellent Guaranty (155-Units) | Site is Operated by the Largest Popeyes Franchisee in the System
  • Highly Trafficked Location Right Off Major Highway (I-10 | 56,355± Avg. Cars/Day)
  • Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio
  • Casa Grande is Conveniently Situated Halfway Between Phoenix and Tucson
  • Located in 3rd Most Populated County in AZ
  • 1-Hour from 3 International Airports (Phoenix, Tuscon, and Mesa)
  • Population Doubled Since 2000 w/ Estimated Annual Population Growth: 5.30% (2022-2027)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

POPEYES | 20YR NNN LEASE | HIGH PERFORMING SITE

Listing Price: $2,653,061

Cap Rate
4.90%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,554
Lease Type
Absolute Net
Rent Per Square Feet
$50.90

Investment Highlights

  • 20 Year Absolute NNN Sale-Leaseback w/ 10% Rent Increases Every Five (5) Years
  • Excellent Guaranty (155-Units) | Site is Operated by the Largest Popeyes Franchisee in the System
  • Highly Trafficked Location Right Off Major Highway (I-10 | 56,355± Avg. Cars/Day)
  • Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio
  • Casa Grande is Conveniently Situated Halfway Between Phoenix and Tucson
  • Located in 3rd Most Populated County in AZ
  • 1-Hour from 3 International Airports (Phoenix, Tuscon, and Mesa)
  • Population Doubled Since 2000 w/ Estimated Annual Population Growth: 5.30% (2022-2027)

Investment Overview

Marcus & Millichap is pleased to exclusively offer this freestanding 2,554± SF Popeyes sitting on approximately 0.79± AC of land positioned in a heavily trafficked retail corridor. This site is operated by the largest Popeyes franchisee in the system and is subject to a 20-year NNN lease to commence at Closing with 10% rental increases every five (5) years making for a stable and hands-off investment. The property was recently fully renovated to include a high-end brick façade in 2016. The Subject Property is positioned in the heart of the 3rd largest county in Arizona (Pinal County) right off the major I-10 highway which experiences an average daily traffic count of 56,355. The site is located down the street from 1+ Million SF of national retailers including: Walmart, Ross, Best Buy, Kohl's, Marshalls, Michael's and many others.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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