Log In/Sign Up
Your email has been sent.
Popeyes 14274 University Ave 2,599 SF Retail Building Hammond, LA 70401 $3,299,631 CAD ($1,269.58 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Strong Unit-Level Financials
- Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
- Proximity to Southeastern Louisiana University
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Popeyes located at 14274 University Ave, Hammond, LA 70401. The site consists of roughly 2,599 rentable square feet of building space on an estimated 0.31-acre parcel of land. This Popeyes is subject to a 25-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $135,987 and has scheduled increases of 1.75% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,599 SF
Building Class
B
Year Built
2009
Price
$3,299,631 CAD
Price Per SF
$1,269.58 CAD
Cap Rate
5.75%
NOI
$189,729 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.40 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01831518 | Improvements Assessment | $111,912 CAD |
| Land Assessment | $0 CAD | Total Assessment | $111,912 CAD |
PROPERTY TAXES
Parcel Number
01831518
Land Assessment
$0 CAD
Improvements Assessment
$111,912 CAD
Total Assessment
$111,912 CAD
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Popeyes | 14274 University Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.