Skip to main content

Restaurant

Popeyes

3510 Pacific Ave, Forest Grove, OR 97116

Listing Price: $4,362,466

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.15

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located on the corner of Pacific Ave and Poplar Street in Forest 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 $196,311 and will increase by 1.75% percent annually starting in year six 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: $4,362,466

Cap Rate
4.50%
Tenant Name
Ambrosia QSR II, LLC
Years Remaining On Lease
19.7
Guarantor
Franchisee Guarantee
Rentable SF
2,333
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.15

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 on the corner of Pacific Ave and Poplar Street in Forest 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 $196,311 and will increase by 1.75% percent annually starting in year six 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

MM Texture Background
MM Textured Background Lower