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Restaurant

Popeyes

3560 Wheaton Way, Bremerton, WA 98310

Listing Price: $3,605,555

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
3,236
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.14

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 3560 Wheaton Way in Bremerton, WA. The property consists of 3,236 square feet of building space and is situated on an estimated 0.85 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that runs through May 5th, 2041. The base rent is $162,250 and will increase by 1.75% percent annually starting in year three and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Original 20-Year Lease With Over 19 Years Remaining
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Listing Price: $3,605,555

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.0
Guarantor
Franchisee Guarantee
Rentable SF
3,236
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.14

Investment Highlights

  • Original 20-Year Lease With Over 19 Years Remaining
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Absolute Triple-Net (NNN) Lease with Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 3560 Wheaton Way in Bremerton, WA. The property consists of 3,236 square feet of building space and is situated on an estimated 0.85 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that runs through May 5th, 2041. The base rent is $162,250 and will increase by 1.75% percent annually starting in year three 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

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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