Restaurant

Popeyes

2001 W Kingshighway, Paragould, AR 72450

Listing Price: $2,635,000

Cap Rate
5.50%
Tenant Name
PLK, Inc.
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,145.65
Lease Type
Absolute Net
Rent Per Square Feet
$63.04

Investment Overview

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.

Investment Highlights

  • New 20-Year Triple-Net Lease
  • New 2020 Construction
  • Outstanding Store Sales
  • Multi-Brand Operator

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

Listing Price: $2,635,000

Cap Rate
5.50%
Tenant Name
PLK, Inc.
Gross SF
2,300
Guarantor
Franchisee Guarantee
Rentable SF
2,300
Price/Gross SF
$1,145.65
Lease Type
Absolute Net
Rent Per Square Feet
$63.04

Investment Highlights

  • New 20-Year Triple-Net Lease
  • New 2020 Construction
  • Outstanding Store Sales
  • Multi-Brand Operator

Investment Overview

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.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    License(s): AR: PB00066390

    Arkansas

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