2001 W Kingshighway, Paragould, AR 72450
Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 2001 W Kingshighway Paragould, AR. The property consists of 1.07 acres improved with -square foot building. The newly constructed restaurant has a brand new 20-year lease in place with a seasoned RBI Brands Franchisee growing in the Popeyes brand. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $145,000 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options.
The Popeyes is located directly on Kingshighway which is the main retail corridor of Paragould. It is an ideal location for a QSR and is surrounded by residential homes, schools, and local, regional and national retail shopping. Notable tenants in the immediate area include Lowes Home Improvement, Walmart, Belk, McDonalds, CVS, Cash Saver, and AutoZone to name a few.
License(s): AR: PB00066390
Arkansas
Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant investment opportunity located at 2001 W Kingshighway Paragould, AR. The property consists of 1.07 acres improved with -square foot building. The newly constructed restaurant has a brand new 20-year lease in place with a seasoned RBI Brands Franchisee growing in the Popeyes brand. This franchisee has been a Burger King and Popeyes operator for over a decade and has been awarded for his growth and operations within the brand. Annual base rent is set at $145,000 with 7.5 percent rental increases every five years in the base term, as well as the four, five-year renewal options.
The Popeyes is located directly on Kingshighway which is the main retail corridor of Paragould. It is an ideal location for a QSR and is surrounded by residential homes, schools, and local, regional and national retail shopping. Notable tenants in the immediate area include Lowes Home Improvement, Walmart, Belk, McDonalds, CVS, Cash Saver, and AutoZone to name a few.
License(s): AR: PB00066390
Arkansas
