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Popeyes 401 Tate Cove Rd 3,013 SF Retail Building Ville Platte, LA 70586 $2,555,067 CAD ($848.01 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Strong Unit-Level Financials
- Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
- Dense Retail Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Popeyes located at 401 Tate Cove Rd, Ville Platte, LA 70586. The site consists of roughly 3,013 rentable square feet of building space on an estimated 1-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 $106,201 and has scheduled increases of 1.75% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,013 SF
Year Built
1992
Price
$2,555,067 CAD
Price Per SF
$848.01 CAD
Cap Rate
5.75%
NOI
$146,916 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1110013135A | Improvements Assessment | $74,191 CAD |
| Land Assessment | $14,180 CAD | Total Assessment | $88,370 CAD |
PROPERTY TAXES
Parcel Number
1110013135A
Land Assessment
$14,180 CAD
Improvements Assessment
$74,191 CAD
Total Assessment
$88,370 CAD
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Popeyes | 401 Tate Cove Rd
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