Restaurant
Popeyes | 20-Year Absolute NNN | Strong Sales
6831 Odana Rd, Madison, WI 53719
Listing Price: $2,051,000
Cap Rate
5.85%
Tenant Name
Popeyes
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
3,130
Lease Type
Absolute Net
Rent Per Square Feet
$38.34
Investment Overview
Marcus & Millichap is pleased to present the Popeyes in Madison, WI.
Popeyes | 20-Year Absolute NNN | Strong Sales
Investment Highlights
- 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
- High-Performing Store with Above Average Sales, Low Rent-to-Sales Ratio at 5.8%
- Strong Personal Guaranty from High-Net-Worth Operator
- Experienced Franchisee of Popeyes, Checkers, and BP, 70+ Locations and Growing
- Popeyes is the 2nd Largest Chicken Chain in the U.S.
- Brand New Construction with Double Drive-Thru, Modern Prototype Design
- Serving Over 185,000 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $130,000 in 3 Miles and $141,000 in 5 Miles
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Senior Managing Director, Market Leader- Colorado
Financing By
Listing Price: $2,051,000
Cap Rate
5.85%
Tenant Name
Popeyes
Years Remaining On Lease
18.9
Guarantor
Corporate Guarantee
Rentable SF
3,130
Lease Type
Absolute Net
Rent Per Square Feet
$38.34
Investment Highlights
- 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
- High-Performing Store with Above Average Sales, Low Rent-to-Sales Ratio at 5.8%
- Strong Personal Guaranty from High-Net-Worth Operator
- Experienced Franchisee of Popeyes, Checkers, and BP, 70+ Locations and Growing
- Popeyes is the 2nd Largest Chicken Chain in the U.S.
- Brand New Construction with Double Drive-Thru, Modern Prototype Design
- Serving Over 185,000 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $130,000 in 3 Miles and $141,000 in 5 Miles
Investment Overview
Marcus & Millichap is pleased to present the Popeyes in Madison, WI.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
Senior Managing Director, Market Leader- Colorado
Financing By
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