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Restaurant

Popeyes

2401 S Western Ave, Marion, IN 46953

Listing Price: $3,111,111

Cap Rate
4.50%
Tenant Name
Popeyes
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$56.00

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 2401 South Western Avenue (the Property), a 2,500-square-foot, brand new construction building in which Popeyes has recently executed a long-term absolute net lease. Built in 2021, the Property is a new NOLA Prototype Popeyes and features a double drive-thru wrapping the East side of the building. The Property is strategically located along South Western Avenue, a highly-trafficked retail corridor with neighboring tenants including Burger King, Culver’s, Sherwin-Williams, Steak ‘n Shake, Arby’s, Walgreens, and Aldi. This offering presents the opportunity to acquire a new construction absolute net lease with one of the largest quick service restaurant chains in the world. The property boasts zero landlord responsibilities and is only 60 miles northeast of downtown Indianapolis.

Investment Highlights

  • 20-Year Absolute Net Lease – Zero Landlord Responsibilities
  • New 2021 All-Brick Construction with Double Drive-Thru
  • Located Along Major Corridor neighbored by Strong National Retailers – McDonald's, Sherwin Williams, Pizza Hut, Walgreens, Burger King, & Numerous Others
  • Direct Access off of South Western Avenue – 25,000+ ADT

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Listing Price: $3,111,111

Cap Rate
4.50%
Tenant Name
Popeyes
Years Remaining On Lease
19.5
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Absolute Net
Rent Per Square Feet
$56.00

Investment Highlights

  • 20-Year Absolute Net Lease – Zero Landlord Responsibilities
  • New 2021 All-Brick Construction with Double Drive-Thru
  • Located Along Major Corridor neighbored by Strong National Retailers – McDonald's, Sherwin Williams, Pizza Hut, Walgreens, Burger King, & Numerous Others
  • Direct Access off of South Western Avenue – 25,000+ ADT

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in 2401 South Western Avenue (the Property), a 2,500-square-foot, brand new construction building in which Popeyes has recently executed a long-term absolute net lease. Built in 2021, the Property is a new NOLA Prototype Popeyes and features a double drive-thru wrapping the East side of the building. The Property is strategically located along South Western Avenue, a highly-trafficked retail corridor with neighboring tenants including Burger King, Culver’s, Sherwin-Williams, Steak ‘n Shake, Arby’s, Walgreens, and Aldi. This offering presents the opportunity to acquire a new construction absolute net lease with one of the largest quick service restaurant chains in the world. The property boasts zero landlord responsibilities and is only 60 miles northeast of downtown Indianapolis.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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