Popeyes | 1970 Alabama Ave
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Popeyes 1970 Alabama Ave
2,695 SF Retail Building Bremen, GA 30110 $2,967,874 CAD ($1,101 CAD/SF) 7% Cap Rate
Investment Highlights
- Absolute NNN Lease – This lease provides zero landlord responsibilities, providing an investor with 100% passive income.
- The current lease has over 10 years remaining in the base term, which benefits an investor by providing long-term passive income.
- The Popeyes is neighboring many national retailers, which draw more foot traffic to the immediate area.
- The lease features 10% fixed rental increases every 5-years, providing an investor with a strong hedge against inflation, and future value generation.
- The property benefits by seeing a considerable amount of cars passing by, which typically directly affects the revenue capabilities for a drive-thru
Executive Summary
Absolute NNN Lease – This lease provides zero landlord responsibilities, providing an investor with 100% passive income. The lease features 10% fixed rental increases every 5-years, providing an investor with a strong hedge against inflation, and future value generation. The current lease has over 10 years remaining in the base term, which benefits an investor by providing long-term passive income. The property benefits by seeing a considerable amount of cars passing by, which typically directly affects the revenue capabilities for a drive-thru. The Popeyes is neighboring many national retailers, which draw more foot traffic to the immediate area.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,695 SF
Building Class
C
Year Built
2019
Price
$2,967,874 CAD
Price Per SF
$1,101 CAD
Cap Rate
7%
NOI
$207,752 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.08 AC
Zoning
RESIDENTIA
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | Z69-0080 | Improvements Assessment | $437,047 CAD |
| Land Assessment | $313,202 CAD | Total Assessment | $750,249 CAD |
PROPERTY TAXES
Parcel Number
Z69-0080
Land Assessment
$313,202 CAD
Improvements Assessment
$437,047 CAD
Total Assessment
$750,249 CAD
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Popeyes | 1970 Alabama Ave
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