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Popeyes 1680 N 1st Pl 2,536 SF Retail Building Hermiston, OR 97838 $4,781,566 CAD ($1,885.48 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease
- Strong Franchisee Guarantee
- New Construction
- Long -Term Lease with Annual Rental Increases Starting Year 7
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Popeyes located at 1680 N 1st Street, Hermiston, OR 97838. The site consists of roughly 2,536 rentable square feet of building space on an estimated 0.82-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $215,000 and has scheduled increases of 1.75% Annually Starting Year 7.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
2,536 SF
Building Class
B
Year Built
2023
Price
$4,781,566 CAD
Price Per SF
$1,885.48 CAD
Cap Rate
6.25%
NOI
$298,848 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.82 AC
Zoning
C-2 - Commercial
Frontage
107’ on North 1st Street
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 118721 | Improvements Assessment | $15,834 CAD |
| Land Assessment | $176,577 CAD | Total Assessment | $192,411 CAD |
PROPERTY TAXES
Parcel Number
118721
Land Assessment
$176,577 CAD
Improvements Assessment
$15,834 CAD
Total Assessment
$192,411 CAD
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Popeyes | 1680 N 1st Pl
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