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Restaurant

Popeyes

21920 Pacific Hwy S, Des Moines, WA 98198

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
2,311
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.95

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located on the corner of 21920 Pacific Hwy in Des Moines, WA. The property consists of 2,311 square feet of building space and is situated on an estimated 1.12 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon 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 Commences at Close of Escrow
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Percent Annually Beginning in Year 6

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

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
2,311
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.95

Investment Highlights

  • Brand New 20 Year Lease That Commences at Close of Escrow
  • Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases of 1.75% Percent Annually Beginning in Year 6

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located on the corner of 21920 Pacific Hwy in Des Moines, WA. The property consists of 2,311 square feet of building space and is situated on an estimated 1.12 acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon 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

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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