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Popeyes (Walmart-Anchored Development) 119 Compromise Court Ct 1,932 SF Retail Building Phenix City, AL 36870 $2,544,686 CAD ($1,317.13 CAD/SF) 6% Cap Rate
Investment Highlights
- Long-Term Absolute Net Lease With 15.1 Years Remaining
- Part of an Established, Multi-Phase Retail Development Anchored by Walmart Since 2016
- Modern Popeyes Construction Built in 2021 on a Full 1-Acre Corner Lot
- Excellent Access and Visibility on US-80 (23,858 VPD)
- 193,519 Residents and a 193,774 Daytime Population Within a 10-Mile Radius
Executive Summary
Offered for sale is a Long-Term Absolute Net Lease Popeyes located in Phenix City, Alabama, positioned next to a Walmart Neighborhood Market within the Columbus, GA-AL MSA. The lease has 15.1 years remaining on its initial 20-year term, with the tenant responsible for taxes, insurance, CAM, roof, and structure and rent increasing 7.50% every five years.
The property sits on a full 1-acre corner lot with excellent access and visibility along US-80 (23,858 VPD), the primary east-west commercial corridor connecting Phenix City to downtown Columbus, Georgia. It is part of an established, multi-phase retail development anchored by Walmart since 2016, with Taco Bell, Dollar Tree, Sonic, and Snappy's Express Car Wash added over the following years.
The property sits on a full 1-acre corner lot with excellent access and visibility along US-80 (23,858 VPD), the primary east-west commercial corridor connecting Phenix City to downtown Columbus, Georgia. It is part of an established, multi-phase retail development anchored by Walmart since 2016, with Taco Bell, Dollar Tree, Sonic, and Snappy's Express Car Wash added over the following years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,932 SF
Building Class
B
Year Built
2021
Price
$2,544,686 CAD
Price Per SF
$1,317.13 CAD
Cap Rate
6%
NOI
$152,639 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.00 AC
Zoning
O - Retail
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 04-06-13-02-001-001.002 | Improvements Assessment | $0 CAD |
| Land Assessment | $153,210 CAD | Total Assessment | $153,210 CAD |
Property Taxes
Parcel Number
04-06-13-02-001-001.002
Land Assessment
$153,210 CAD
Improvements Assessment
$0 CAD
Total Assessment
$153,210 CAD
Contacts
-
Vincent Knipp -
Elliott Mahadi -
Knipp Wolf Net Lease Group | Marcus & Millichap
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Popeyes (Walmart-Anchored Development) | 119 Compromise Court Ct
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