270 Main St, Baker, LA 70714
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.
License(s): LA: BROK.0995692662-ACT
Louisiana
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.
License(s): LA: BROK.0995692662-ACT
Louisiana
