Restaurant
Popeyes
4556 LA-1, Raceland, LA 70394
Listing Price: $2,782,505
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
Listing Price: $2,782,505
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
