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Restaurant

NNN Popeyes | Exceptional Rent to Sales Ratio | 10 Years Remaining

7601 Raytown Rd, Raytown, MO 64138

Listing Price: $1,620,000

Cap Rate
5.75%
Tenant Name
Popeyes
Years Remaining On Lease
10.0
Gross SF
2,882
Guarantor
Franchisee Guarantee
Rentable SF
2,882
Price/Gross SF
$562.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.28

Investment Overview

This 10-year triple-net leased Popeyes restaurant is operated by a seasoned franchisee with over 20 years of experience in the industry. The store has shown strong sales performance, with a rent-to-sales ratio under 5.5%. The annual rental rate is modest, amounting to only $93,028. The lease term still has 10 years remaining, and there are 7.5% rent bumps every five years. Popeyes has been a tenant since 2014, and the franchisee also operates over 70 Popeyes and Tim Hortons locations. The interior and exterior of the restaurant were renovated in 2014, ensuring a fresh and updated look. In terms of real estate fundamentals, the property occupies a large triangular lot measuring 1.03 acres. It benefits from four points of full ingress/egress from Raytown Road and Route 350, making it easily accessible. The location features a drive-thru with a long stacking lane, making it ideal for quick-service restaurants. Additionally, the site enjoys high visibility with a large pylon sign at the intersection. Situated in the Kansas City MSA, the property is located at a signalized, hard corner intersection. It is approximately 12.4 miles from downtown Kansas City. The State Route 350 (Blue Parkway) and Raytown Road experience a combined daily traffic volume of 37,144 vehicles. Moreover, the property is conveniently located just 2.4 miles off the Interstate 435 interchange, which sees a daily traffic volume of 77,900 vehicles. The subject property boasts a total of 790 feet of unobstructed frontage, with 435 feet along State Route 350 and 355 feet along Raytown Road. The surrounding area is abundant with retailers, providing a thriving commercial environment. Directly across the street from the Popeyes, you'll find Napa Auto Parts, Ace Hardware, Panda Express, Freddy's, and IHOP. Moreover, a Walmart Supercenter is located just 550 feet away. Lastly, the subject property benefits from a highly populated area. Within a five-mile radius, there is a residential population of 116,597 people. Additionally, within a three-mile radius, there are 43,290 people employed, indicating a strong workforce presence in the area.

Investment Highlights

  • 10-Year Triple-Net Leased Popeyes Operated by Seasoned Franchisee with Over 20 Years of Experience
  • Strong Store Sales with Rent to Sales Ratio Under 5.5%
  • Property Sits on a Large, Triangular 1.03 Acre Lot | Four Points of Full Ingress/Egress from Raytown Road and Route 350
  • Situated on a Signalized, Hard Corner Intersection in Kansas City MSA
  • 12.4 Miles from Downtown Kansas City
  • Abundance of Retailers in Close Proximity | 550 Feet from a Walmart Supercenter
  • 116,597 People Live Within Five Miles | 43,290 People Work Within Three Miles

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

NNN Popeyes | Exceptional Rent to Sales Ratio | 10 Years Remaining

Listing Price: $1,620,000

Cap Rate
5.75%
Tenant Name
Popeyes
Years Remaining On Lease
10.0
Gross SF
2,882
Guarantor
Franchisee Guarantee
Rentable SF
2,882
Price/Gross SF
$562.11
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.28

Investment Highlights

  • 10-Year Triple-Net Leased Popeyes Operated by Seasoned Franchisee with Over 20 Years of Experience
  • Strong Store Sales with Rent to Sales Ratio Under 5.5%
  • Property Sits on a Large, Triangular 1.03 Acre Lot | Four Points of Full Ingress/Egress from Raytown Road and Route 350
  • Situated on a Signalized, Hard Corner Intersection in Kansas City MSA
  • 12.4 Miles from Downtown Kansas City
  • Abundance of Retailers in Close Proximity | 550 Feet from a Walmart Supercenter
  • 116,597 People Live Within Five Miles | 43,290 People Work Within Three Miles

Investment Overview

This 10-year triple-net leased Popeyes restaurant is operated by a seasoned franchisee with over 20 years of experience in the industry. The store has shown strong sales performance, with a rent-to-sales ratio under 5.5%. The annual rental rate is modest, amounting to only $93,028. The lease term still has 10 years remaining, and there are 7.5% rent bumps every five years. Popeyes has been a tenant since 2014, and the franchisee also operates over 70 Popeyes and Tim Hortons locations. The interior and exterior of the restaurant were renovated in 2014, ensuring a fresh and updated look. In terms of real estate fundamentals, the property occupies a large triangular lot measuring 1.03 acres. It benefits from four points of full ingress/egress from Raytown Road and Route 350, making it easily accessible. The location features a drive-thru with a long stacking lane, making it ideal for quick-service restaurants. Additionally, the site enjoys high visibility with a large pylon sign at the intersection. Situated in the Kansas City MSA, the property is located at a signalized, hard corner intersection. It is approximately 12.4 miles from downtown Kansas City. The State Route 350 (Blue Parkway) and Raytown Road experience a combined daily traffic volume of 37,144 vehicles. Moreover, the property is conveniently located just 2.4 miles off the Interstate 435 interchange, which sees a daily traffic volume of 77,900 vehicles. The subject property boasts a total of 790 feet of unobstructed frontage, with 435 feet along State Route 350 and 355 feet along Raytown Road. The surrounding area is abundant with retailers, providing a thriving commercial environment. Directly across the street from the Popeyes, you'll find Napa Auto Parts, Ace Hardware, Panda Express, Freddy's, and IHOP. Moreover, a Walmart Supercenter is located just 550 feet away. Lastly, the subject property benefits from a highly populated area. Within a five-mile radius, there is a residential population of 116,597 people. Additionally, within a three-mile radius, there are 43,290 people employed, indicating a strong workforce presence in the area.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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