Restaurant
POPEYES | 20YR NNN SALE-LEASEBACK
1343 S Gilbert Rd, Mesa, AZ 85204
Listing Price: $3,106,796
Cap Rate
5.15%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,010
Lease Type
Absolute Net
Rent Per Square Feet
$79.60
Investment Overview
.
POPEYES | 20YR NNN SALE-LEASEBACK
Investment Highlights
- Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years to Commence at Closing
- Extremely Strong Sales w/ Healthy 8% Rent-to-Sales Ratio
- 2022 Construction on Large 1.23-Acre Lot
- Largest Popeyes Franchisee: The Dhanani Group Operates ±1,300 Units
- Strategically Positioned Right Off US-60 Which Boasts a Traffic Volume of 238,760 Cars/Day
- Outstanding Location: Dense 5-Mile Population of ±416,776
- Nearby Retailers Include: Target, Trader Joe's, Big 5, Starbucks, Fresenius Kidney Care, Sprouts, and Many More National Tenants
- Direct Access From/To South Gilbert Rd (41,378 Cars/Day) Next to Signalized Intersection
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
Listing Price: $3,106,796
Cap Rate
5.15%
Tenant Name
Popeyes
Guarantor
Franchisee Guarantee
Rentable SF
2,010
Lease Type
Absolute Net
Rent Per Square Feet
$79.60
Investment Highlights
- Brand New 20-Year Triple Net (NNN) Lease with 10% Rental Increases Every Five (5) Years to Commence at Closing
- Extremely Strong Sales w/ Healthy 8% Rent-to-Sales Ratio
- 2022 Construction on Large 1.23-Acre Lot
- Largest Popeyes Franchisee: The Dhanani Group Operates ±1,300 Units
- Strategically Positioned Right Off US-60 Which Boasts a Traffic Volume of 238,760 Cars/Day
- Outstanding Location: Dense 5-Mile Population of ±416,776
- Nearby Retailers Include: Target, Trader Joe's, Big 5, Starbucks, Fresenius Kidney Care, Sprouts, and Many More National Tenants
- Direct Access From/To South Gilbert Rd (41,378 Cars/Day) Next to Signalized Intersection
Investment Overview
.
Exclusively Listed By
Broker of Record
-
Ryan Sarbinoff
First Vice President/Regional Manager
