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Restaurant

Popeyes

4556 LA-1, Raceland, LA 70394

Listing Price: $2,782,505

Cap Rate
5.35%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.5
Guarantor
Franchisee Guarantee
Rentable SF
1,793
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$83.03

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 4556 Highway 1 in Raceland, LA. This Popeyes is subject to a brand new 25-year triple-net (NNN) lease, which commenced on March 1st, 2020. The base annual rent will be $148,864 and will be subject to 1.75% annual rental escalations starting in March 2026, continuing throughout the base term and in each of the two, five-year tenant renewal option periods. The lease will be guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 53 locations throughout Louisiana. The property is roughly 1,793 rentable square feet and is situated on an approximately .65 acre parcel.

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in January 2027
  • Two (2) Tenant Renewal Period of Five (5) Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $2,782,505

Cap Rate
5.35%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.5
Guarantor
Franchisee Guarantee
Rentable SF
1,793
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$83.03

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in January 2027
  • Two (2) Tenant Renewal Period of Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 4556 Highway 1 in Raceland, LA. This Popeyes is subject to a brand new 25-year triple-net (NNN) lease, which commenced on March 1st, 2020. The base annual rent will be $148,864 and will be subject to 1.75% annual rental escalations starting in March 2026, continuing throughout the base term and in each of the two, five-year tenant renewal option periods. The lease will be guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 53 locations throughout Louisiana. The property is roughly 1,793 rentable square feet and is situated on an approximately .65 acre parcel.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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