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Restaurant

Popeyes

1275 Gateway Blvd, Cottage Grove, OR 97424

Listing Price: $3,708,089

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.52

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1275 Gateway Boulevard in Cottage 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 commences at the close of escrow. The base rent is $166,864 and will increase by 1.75% percent annually starting in year two 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 Lease That That Commences at Close of Escrow
  • Rent Commences on April 1, 2022 | Seller will Credit Buyer Rent at Closing
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s) OR: 201209561

    Oregon

Listing Price: $3,708,089

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.52

Investment Highlights

  • Brand New 20 Year Lease That That Commences at Close of Escrow
  • Rent Commences on April 1, 2022 | Seller will Credit Buyer Rent at Closing
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1275 Gateway Boulevard in Cottage 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 commences at the close of escrow. The base rent is $166,864 and will increase by 1.75% percent annually starting in year two 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 Lewis

    Vice President/Regional Manager

    (503) 200-2000

    License(s): OR: 201209561

    Oregon

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