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Restaurant

Popeyes

174 E Dykes St, Cochran, GA 31014

Listing Price: $2,202,000

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
1,930
Lease Type
Absolute Net
Rent Per Square Feet
$62.69

Investment Overview

Located at the signalized 4-way intersection of East Dykes Street and 6th Street Southeast, the property is passed by more than12,000 vehicles per day. The site boasts excellent visibility and convenient proximity to U.S. Highway 23, a major north-south highway that runs from Mackinaw City, Michigan to Jacksonville, Florida. The property is located in Cochran’s primary retail corridor, with many national tenants in close proximity, including CVS, Subway, McDonald’s, Captain D’s, Dollar Tree, Citizen’s Bank, Circle K, Advance Auto, O’Reilly Auto Parts and many more. There are two hotels within two blocks of the property and
more than 3,100 students at several area schools within a mile of the site.

The property is operated by Tar Heels Spice, a 16-unit franchisee, and the lease is guaranteed by Sailormen, the third largest franchisee in the Popeyes system, with more than 130 Popeyes locations throughout the southeastern US.

Investment Highlights

  • ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
  • GUARANTEED BY SAILORMEN, POPEYES' 3RD LARGEST FRANCHISEE
  • 18 YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS
  • SCHEDULED 10% RENT INCREASES EVERY 5 YEARS AND AT THE START OF EACH OPTION

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Listing Price: $2,202,000

Cap Rate
5.50%
Tenant Name
Popeyes
Years Remaining On Lease
18.8
Guarantor
Personal Guarantee
Rentable SF
1,930
Lease Type
Absolute Net
Rent Per Square Feet
$62.69

Investment Highlights

  • ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
  • GUARANTEED BY SAILORMEN, POPEYES' 3RD LARGEST FRANCHISEE
  • 18 YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS
  • SCHEDULED 10% RENT INCREASES EVERY 5 YEARS AND AT THE START OF EACH OPTION

Investment Overview

Located at the signalized 4-way intersection of East Dykes Street and 6th Street Southeast, the property is passed by more than12,000 vehicles per day. The site boasts excellent visibility and convenient proximity to U.S. Highway 23, a major north-south highway that runs from Mackinaw City, Michigan to Jacksonville, Florida. The property is located in Cochran’s primary retail corridor, with many national tenants in close proximity, including CVS, Subway, McDonald’s, Captain D’s, Dollar Tree, Citizen’s Bank, Circle K, Advance Auto, O’Reilly Auto Parts and many more. There are two hotels within two blocks of the property and more than 3,100 students at several area schools within a mile of the site. The property is operated by Tar Heels Spice, a 16-unit franchisee, and the lease is guaranteed by Sailormen, the third largest franchisee in the Popeyes system, with more than 130 Popeyes locations throughout the southeastern US.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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