Skip to main content

Restaurant

Popeyes

270 Main St, Baker, LA 70714

Listing Price: $3,489,973

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
2,307
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.42

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 270 Main Street in Baker, 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 $183,224 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. Renovated in 2017, the property is roughly 2,307 rentable square feet and is situated on an approximately .83 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

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Listing Price: $3,489,973

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.7
Guarantor
Franchisee Guarantee
Rentable SF
2,307
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.42

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 270 Main Street in Baker, 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 $183,224 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. Renovated in 2017, the property is roughly 2,307 rentable square feet and is situated on an approximately .83 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

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

MM Texture Background
MM Textured Background Lower