Popeyes | 1680 1st St
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Popeyes 1680 1st St
2,536 SF Retail Building Hermiston, OR 97838 $4,875,925 CAD ($1,923 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long Term Lease | Brand New Long Term, 20-Year Lease that Commenced in June 2023
- Student Presence in Immediate Area | Hermiston High School | Less Than 2 Miles South of the Subject Property | Over 1,500 Student Enrolled
- Dense Urban Infil | Auto Zone, Taco Bell, Aarons, Jack in the Box, Starbucks, Walmart, McDonalds, Sherwin Williams, O’Reilly Auto Parts & Many More
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Popeyes located at
1680 N 1st St, Hermiston, OR 97838. The site consists of roughly 2,536
rentable square feet of building space on an estimated 0.82-acre parcel of
land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which
commenced 6/1/2023. The current annual rent is $215,000 and has
scheduled increases of 1.75% Annually Starting Year 7.
1680 N 1st St, Hermiston, OR 97838. The site consists of roughly 2,536
rentable square feet of building space on an estimated 0.82-acre parcel of
land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which
commenced 6/1/2023. The current annual rent is $215,000 and has
scheduled increases of 1.75% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,536 SF
Building Class
C
Year Built
2023
Price
$4,875,925 CAD
Price Per SF
$1,923 CAD
Cap Rate
6.25%
NOI
$304,745 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Land Acres
0.82 AC
Parking
10 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
56 ft on South 1st Street
Amenities
- Drive Thru
-
Power Broker Glen Kunofsky -
Edward Otocka -
Amelia Haydock -
Robert Stein -
NNN Pro Group
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Popeyes | 1680 1st St
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