Restaurant
Popeyes
945 S Salisbury Blvd, Salisbury, MD 21801
Listing Price: $2,309,718
Cap Rate
6.25%
Tenant Name
Popeyes
Years Remaining On Lease
4.5
Gross SF
2,710
Guarantor
Franchisee Guarantee
Rentable SF
2,710
Price/Gross SF
$852.29
Lease Type
Absolute Net
Rent Per Square Feet
$53.27
Investment Overview
Inflation Resistant: Rare Annual CPI Rent Increases
Popeyes
Investment Highlights
- University Location: Across the Street from Salisbury University (Enrollment: ±8,750) Inflation Resistant: Rare Annual CPI Rent Increases
- Absolute-NNN Lease: No LL Responsibilities
- Experienced Operator: Parikh Network is a multi-unit franchisee with 190+ total units, including 150+ Popeyes restaurants
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $2,309,718
Cap Rate
6.25%
Tenant Name
Popeyes
Years Remaining On Lease
4.5
Gross SF
2,710
Guarantor
Franchisee Guarantee
Rentable SF
2,710
Price/Gross SF
$852.29
Lease Type
Absolute Net
Rent Per Square Feet
$53.27
Investment Highlights
- University Location: Across the Street from Salisbury University (Enrollment: ±8,750) Inflation Resistant: Rare Annual CPI Rent Increases
- Absolute-NNN Lease: No LL Responsibilities
- Experienced Operator: Parikh Network is a multi-unit franchisee with 190+ total units, including 150+ Popeyes restaurants
Investment Overview
Inflation Resistant: Rare Annual CPI Rent Increases
Exclusively Listed By
Broker of Record
Financing By
