4556 LA-1, Raceland, LA 70394
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.
License(s): LA: BROK.0995692662-ACT
Louisiana
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.
License(s): LA: BROK.0995692662-ACT
Louisiana
