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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.

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

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Restaurant

POPEYES | 20YR NNN SALE-LEASEBACK

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

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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