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Restaurant

Popeyes

2216 Ambassador Caffery Pkwy, Lafayette, LA 70506

Listing Price: $2,419,886

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group (63 Units)
Years Remaining On Lease
23.7
Gross SF
1,865
Guarantor
Franchisee Guarantee
Rentable SF
1,865
Price/Gross SF
$1,297.53
Lease Type
Absolute Net
Rent Per Square Feet
$68.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2216 Ambassador Caffery in Lafayette, 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$127,044 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, which operates 63 locations throughout Louisiana. The property is roughly 1,865 rentable square feet and is situated on an approximately .84 acre parcel.

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in March 2026
  • Two (2) Tenant Renewal Period of Five (5) Years
  • Strong Brand Recognition | Experienced Operator | 63-Units Within Louisiana

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: $2,419,886

Cap Rate
5.25%
Tenant Name
SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group (63 Units)
Years Remaining On Lease
23.7
Gross SF
1,865
Guarantor
Franchisee Guarantee
Rentable SF
1,865
Price/Gross SF
$1,297.53
Lease Type
Absolute Net
Rent Per Square Feet
$68.12

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually Starting in March 2026
  • Two (2) Tenant Renewal Period of Five (5) Years
  • Strong Brand Recognition | Experienced Operator | 63-Units Within Louisiana

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2216 Ambassador Caffery in Lafayette, 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$127,044 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, which operates 63 locations throughout Louisiana. The property is roughly 1,865 rentable square feet and is situated on an approximately .84 acre parcel.

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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