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Restaurant

Popeyes

2912 US-90, Avondale, LA 70094

Listing Price: $2,100,222

Cap Rate
5.00%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.8
Guarantor
Franchisee Guarantee
Rentable SF
2,829
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2912 US-90W in Avondale, LA. This Popeyes will be subject to a brand new 25-year triple-net (NNN) lease, which will commence upon close of escrow. The base annual rent will be$105,011 and will be subject to 1.75% annual rental escalations, continuing throughout the base term and in each of the two, five-year tenant renewal option periods. The lease is guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 77 locations throughout Louisiana. The property is roughly 2,829 rentable square feet and is situated on an approximately .57 acre parcel.

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) Sale-Leaseback With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually
  • Two (2) Tenant Renewal Period of Five (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

Restaurant

Popeyes

Listing Price: $2,100,222

Cap Rate
5.00%
Tenant Name
SRG PLK OpCo, LLC d/b/a High Noon Restaurant Group
Years Remaining On Lease
24.8
Guarantor
Franchisee Guarantee
Rentable SF
2,829
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.12

Investment Highlights

  • Brand New 25-Year Triple Net (NNN) Sale-Leaseback With Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Annually
  • Two (2) Tenant Renewal Period of Five (5) Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for 2912 US-90W in Avondale, LA. This Popeyes will be subject to a brand new 25-year triple-net (NNN) lease, which will commence upon close of escrow. The base annual rent will be$105,011 and will be subject to 1.75% annual rental escalations, continuing throughout the base term and in each of the two, five-year tenant renewal option periods. The lease is guaranteed by SRG PLK OpCo, LLC, d/b/a High Noon Restaurant Group, which operates 77 locations throughout Louisiana. The property is roughly 2,829 rentable square feet and is situated on an approximately .57 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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