Restaurant
POPEYES | 20YR NNN SALE-LEASEBACK
2387 Ellsworth Rd, Ypsilanti, MI 48197
Listing Price: $2,656,604
Cap Rate
5.30%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
3,789
Lease Type
Absolute Net
Rent Per Square Feet
$37.16
Investment Overview
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.
POPEYES | 20YR NNN SALE-LEASEBACK
Investment Highlights
- Excellent Guaranty (155-Unit Entity) | Operated by The Dhanani Group (Largest Popeyes Franchisee, 2nd Largest Restaurant Franchisee w/ 2,000+ Total Units)
- Brand New 20-Year Triple Net (NNN) Lease with 10% Rent Bumps to Commence at Closing
- Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio
- Detroit MSA | Population: 4,392,041±
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
Listing Price: $2,656,604
Cap Rate
5.30%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
3,789
Lease Type
Absolute Net
Rent Per Square Feet
$37.16
Investment Highlights
- Excellent Guaranty (155-Unit Entity) | Operated by The Dhanani Group (Largest Popeyes Franchisee, 2nd Largest Restaurant Franchisee w/ 2,000+ Total Units)
- Brand New 20-Year Triple Net (NNN) Lease with 10% Rent Bumps to Commence at Closing
- Successful Store | Strong Operating History and Very Healthy Rent-to-Sales Ratio
- Detroit MSA | Population: 4,392,041±
Investment Overview
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.
Exclusively Listed By
Broker of Record
-
Steven Chaben
Senior Vice President / Regional Manager
Financing By
