Restaurant

Papa Johns, Birmingham, AL

9109 Parkway E, Birmingham, AL 35206

Listing Price: $686,153

Cap Rate
6.50%
Tenant Name
Papa Johns
Years Remaining On Lease
3.2
Gross SF
19,602
Guarantor
Franchisee Guarantee
Rentable SF
19,602
Price/Gross SF
$35.00
Lease Type
Absolute Net
Rent Per Square Feet
$2.28

Investment Overview

Marcus & Millichap is pleased to offer this Papa Johns property
with an absolute-net lease with zero landlord responsibilities.
Papa Johns Pizza is an American restaurant company. It runs
the third largest take-out and pizza delivery restaurant chain
in the world, with headquarters in Jeffersontown, Kentucky, a
suburb of Louisville.
Its slogan is Better Ingredients. Better Pizza. Papa Johns.
Internationally, there are over 4,600 Papa Johns establishments,
including over 3,200 in the U.S. and the remainder spread
among 34 other countries. In September 2012, Papa Johns
Pizza opened its 4,000th restaurant, in New Hyde Park, New
York.

Investment Highlights

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced Franchisee
  • Ample Parking
  • Shadowed by a Walmart Super center

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Restaurant

Papa Johns, Birmingham, AL

Listing Price: $686,153

Cap Rate
6.50%
Tenant Name
Papa Johns
Years Remaining On Lease
3.2
Gross SF
19,602
Guarantor
Franchisee Guarantee
Rentable SF
19,602
Price/Gross SF
$35.00
Lease Type
Absolute Net
Rent Per Square Feet
$2.28

Investment Highlights

  • Absolute Triple-Net
  • Zero Landlord Responsibilities
  • Experienced Franchisee
  • Ample Parking
  • Shadowed by a Walmart Super center

Investment Overview

Marcus & Millichap is pleased to offer this Papa Johns property
with an absolute-net lease with zero landlord responsibilities.
Papa Johns Pizza is an American restaurant company. It runs
the third largest take-out and pizza delivery restaurant chain
in the world, with headquarters in Jeffersontown, Kentucky, a
suburb of Louisville.
Its slogan is Better Ingredients. Better Pizza. Papa Johns.
Internationally, there are over 4,600 Papa Johns establishments,
including over 3,200 in the U.S. and the remainder spread
among 34 other countries. In September 2012, Papa Johns
Pizza opened its 4,000th restaurant, in New Hyde Park, New
York.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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