Restaurant
Popeyes | Sale Leaseback
1565 W Main St, Willimantic, CT 06226
Listing Price: $2,400,000
Investment Overview
Positioned on a high-visibility corridor adjacent to a BJ’s Wholesale Club receiving over 872,000 annual visitors. Built in 2022, the 2,300 SF building sits on approximately 0.7 acres and features a drive-thru configuration with 21 parking spaces. Positioned on a high-visibility corridor.
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
Positioned on a high-visibility corridor adjacent to a BJ’s Wholesale Club receiving over 872,000 annual visitors. Built in 2022, the 2,300 SF building sits on approximately 0.7 acres and features a drive-thru configuration with 21 parking spaces. Positioned on a high-visibility corridor.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
