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Restaurant

Popeyes

3510 Pacific Ave, Forest Grove, OR 97116

Listing Price: $2,690,399

Cap Rate
5.00%
Tenant Name
Ambrosia QSR ll LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.66

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located on the corner of Pacific Ave and Poplar Street in Forest Grove, OR. The property consists of 2,333 square feet of building space and is situated on an estimated 1.00-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $134,250 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2.0%) Annually Beginning in Year 6

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Financing By

Listing Price: $2,690,399

Cap Rate
5.00%
Tenant Name
Ambrosia QSR ll LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$57.66

Investment Highlights

  • Brand New 20-Year Sale-Leaseback
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of Two Percent (2.0%) Annually Beginning in Year 6

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located on the corner of Pacific Ave and Poplar Street in Forest Grove, OR. The property consists of 2,333 square feet of building space and is situated on an estimated 1.00-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $134,250 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Adam A. Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

Financing By

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