Restaurant
Popeyes | Sale Leaseback
111 Rubber Ave, Naugatuck, CT 06770
Listing Price: $2,400,000
Investment Overview
The site is positioned within one mile of a newly opened Chipotle, reinforcing national retailer confidence in the corridor. Additionally, the site is within three miles of a proposed 93,000 SF industrial development within the Naugatuck Industrial Park already holding 49 different companies.
Popeyes | Sale Leaseback
Investment Highlights
- Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
- The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio.
- NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance. Simple fee ownership structure provides investors with tax depreciation benefit
Listing Price: $2,400,000
Investment Highlights
- Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income.
- The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio.
- NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance. Simple fee ownership structure provides investors with tax depreciation benefit
Investment Overview
The site is positioned within one mile of a newly opened Chipotle, reinforcing national retailer confidence in the corridor. Additionally, the site is within three miles of a proposed 93,000 SF industrial development within the Naugatuck Industrial Park already holding 49 different companies.
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