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Popeye's 450047 State Road 200 2,115 SF Retail Building Callahan, FL 32011 $3,014,000 CAD ($1,425.06 CAD/SF) 6.59% Cap Rate
Investment Highlights
- Built in 2020 (newer construction)
- Guaranteed by Sailormen Inc.
- Surrounded by national retailers including McDonald’s, Hardee’s, Taco Bell, CVS, Dollar General, and others
- Absolute NNN lease — no landlord responsibilities
- Drive-thru location
Executive Summary
Silber Investment Properties is pleased to Exclusively present an opportunity to own a net leased Popeye's in the heart of Callahan, FL.
Situated along a well-traveled corridor, this location serves as a convenient quick-service restaurant for the surrounding community. The property is secured by a long-term Absolute NNN lease guaranteed by Sailormen, Inc.
Popeyes built this location in 2020 and has 9yrs remaining with 5 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in Income Tax Free State of Florida with minimal landlord responsibilities.
Please reach out for additional information!
Situated along a well-traveled corridor, this location serves as a convenient quick-service restaurant for the surrounding community. The property is secured by a long-term Absolute NNN lease guaranteed by Sailormen, Inc.
Popeyes built this location in 2020 and has 9yrs remaining with 5 (5yr) options and 10% increases every 5 years. This property is ideal for investors looking for a net leased asset in Income Tax Free State of Florida with minimal landlord responsibilities.
Please reach out for additional information!
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,115 SF
Building Class
B
Year Built
2020
Price
$3,014,000 CAD
Price Per SF
$1,425.06 CAD
Cap Rate
6.59%
NOI
$198,731 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.43 AC
Zoning
Commercial
Frontage
133’ on State Road 200
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 29-2N-25-0000-0012-0000 | Improvements Assessment | $845,788 CAD |
| Land Assessment | $610,071 CAD | Total Assessment | $1,455,860 CAD |
Property Taxes
Parcel Number
29-2N-25-0000-0012-0000
Land Assessment
$610,071 CAD
Improvements Assessment
$845,788 CAD
Total Assessment
$1,455,860 CAD
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Popeye's | 450047 State Road 200
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