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Popeyes | 18yrs Abs NNN w/ Annual Incrs 8802 Northern Blvd

1,900 SF Retail Building Jackson Heights, NY 11372 $4,942,469 CAD ($2,601 CAD/SF) 5.50% Cap Rate

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Investment Highlights

Approximately 18 Years Remaining | Options To Extend | Annual Rental Increases
Signalized, Hard-Corner Intersection | Northern Blvd (31,600 VPD) |Excellent Visibility
Citi Field (40,000+ Seats) | Retail Corridor | Strong National/Credit Tenant Presence

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Significant Street Frontage | Large Sign | Drive-Thru Equipped
Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Popeye’s investment property located in Jackson Heights (New York City MSA), New York . The tenant has approximately 18 years remaining on its 20-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.50% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.