Popeyes - Columbus GA 6801 Flat Rock Rd 2,341 SF Retail Building Columbus, GA 31909 $3,740,470 CAD ($1,597.81 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 16 Years Remaining | Scheduled Rental Increases | Established Brand
- Dense Retail Corridors | Midland Commons (88 Acres) | Next to Walmart Supercenter | Nearby School
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Manchester Expy | Excellent Visibility
EXECUTIVE SUMMARY
• The tenant currently has 16 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and at the beginning of each option, growign NOI and hedging against inflation
• The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants with over 4,000 restaurants in the U.S. and around the world
• The lease features 10% increases every 5 years during the initial term and at the beginning of each option, growign NOI and hedging against inflation
• The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants with over 4,000 restaurants in the U.S. and around the world
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,341 SF
Building Class
B
Year Built
2021
Price
$3,740,470 CAD
Price Per SF
$1,597.81 CAD
Cap Rate
5.75%
NOI
$215,107 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
PMUD - Planned Mixed Use Development
Parking
31 Spaces (13.24 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Restaurant
- Drive Thru
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 109-001-001 | Improvements Assessment | $0 CAD |
| Land Assessment | $4,366,174 CAD | Total Assessment | $4,366,174 CAD |
