Restaurant
POPEYES | 20YR NNN LEASE | HIGH PERFORMING SITE
2223 E Florence Blvd, Casa Grande, AZ 85122
Listing Price: $2,653,061
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.
POPEYES | 20YR NNN LEASE | HIGH PERFORMING SITE
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
Financing By
Restaurant
POPEYES | 20YR NNN LEASE | HIGH PERFORMING SITE
Listing Price: $2,653,061
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
Financing By
