Restaurant

Popeyes

823 Nashville Hwy, Columbia, TN 38401

Listing Price: $2,354,194

Cap Rate
5.15%
Tenant Name
Frayser Holdings, LLC
Gross SF
2,515
Guarantor
Frayser Holdings, LLC
Rentable SF
2,515
Price/Gross SF
$936.06
Lease Type
Absolute Net
Rent Per Square Feet
$48.21

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the Popeyes located at 823 Nashville Highway in Columbia, TN. The subject property consists of roughly 2,515 square feet of building space on approximately a 0.93-acre parcel. This investment opportunity is subject to a 20-year Triple-Net (NNN) lease with more than 18 years remaining. The properties features zero landlord responsibilities. The lease is subject to 7.50% rental increases every five years and four (4) five (5) year tenant renewal options.

Investment Highlights

  • More Than 18 Years Remaining on an Original 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of 7.50% Every Five Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Listing Price: $2,354,194

Cap Rate
5.15%
Tenant Name
Frayser Holdings, LLC
Gross SF
2,515
Guarantor
Frayser Holdings, LLC
Rentable SF
2,515
Price/Gross SF
$936.06
Lease Type
Absolute Net
Rent Per Square Feet
$48.21

Investment Highlights

  • More Than 18 Years Remaining on an Original 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of 7.50% Every Five Years

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the Popeyes located at 823 Nashville Highway in Columbia, TN. The subject property consists of roughly 2,515 square feet of building space on approximately a 0.93-acre parcel. This investment opportunity is subject to a 20-year Triple-Net (NNN) lease with more than 18 years remaining. The properties features zero landlord responsibilities. The lease is subject to 7.50% rental increases every five years and four (4) five (5) year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

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