Restaurant
Popeyes
3510 Pacific Ave, Forest Grove, OR 97116
Listing Price: $4,362,466
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.
Listing Price: $4,362,466
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.
