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Restaurant

Popeyes

5120 Jones Creek Rd, Baton Rouge, LA 70817

Listing Price: $2,024,000

Cap Rate
5.00%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
12.3
Guarantor
Franchisee Guarantee
Rentable SF
1,822
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.54

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5120 Jones Creek Road in Baton Rouge, LA. This Popeyes is subject to an original 20-year triple-net (NNN) lease, which commenced on December 26th, 2013. The base annual rent is$101,200 and is subject to 10.00% rental escalations every 5 years, continuing throughout the base term and in each of the four, five-year tenant renewal option periods. The lease is guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 75 locations throughout Louisiana. The property is roughly 1,822 rentable square feet and is situated on an approximately .63 acre parcel.

Investment Highlights

  • Original 20-Year Triple Net (NNN) | Approximately 12.5 Years Remaining
  • Absolute Triple Net Lease With Zero Landlord Responsibilities
  • Attractive Rental Increases of 10% Every 5 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: $2,024,000

Cap Rate
5.00%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
12.3
Guarantor
Franchisee Guarantee
Rentable SF
1,822
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$55.54

Investment Highlights

  • Original 20-Year Triple Net (NNN) | Approximately 12.5 Years Remaining
  • Absolute Triple Net Lease With Zero Landlord Responsibilities
  • Attractive Rental Increases of 10% Every 5 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 5120 Jones Creek Road in Baton Rouge, LA. This Popeyes is subject to an original 20-year triple-net (NNN) lease, which commenced on December 26th, 2013. The base annual rent is$101,200 and is subject to 10.00% rental escalations every 5 years, continuing throughout the base term and in each of the four, five-year tenant renewal option periods. The lease is guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 75 locations throughout Louisiana. The property is roughly 1,822 rentable square feet and is situated on an approximately .63 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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