Restaurant
Popeyes
270 Main St, Baker, LA 70714
Listing Price: $3,489,973
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
Broker of Record
-
Chris Shaheen
AssociateLicense(s): LA: BROK.0995692662-ACT
Louisiana
Listing Price: $3,489,973
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
Broker of Record
-
Chris Shaheen
AssociateLicense(s): LA: BROK.0995692662-ACT
Louisiana
