Log In/Sign Up
Your email has been sent.
401 Tate Cove Rd 3,013 SF Retail Building Ville Platte, LA 70586 $2,419,790 CAD ($803.12 CAD/SF) 6% 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
$2,419,790 CAD
Price Per SF
$803.12 CAD
Cap Rate
6%
NOI
$145,187 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.00 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1110013135A | Improvements Assessment | $73,318 CAD |
| Land Assessment | $14,013 CAD | Total Assessment | $87,330 CAD |
Property Taxes
Parcel Number
1110013135A
Land Assessment
$14,013 CAD
Improvements Assessment
$73,318 CAD
Total Assessment
$87,330 CAD
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
401 Tate Cove Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.