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Popeyes, Inc 6509 W Park Ave 2,345 SF Retail Building Houma, LA 70364 $3,089,898 CAD ($1,317.65 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 6509 W Park Ave, Houma, LA 70364. The site consists of roughly 2,345 rentable square feet of building space on an estimated 0.48-acre parcel of land. This Popeyes is subject to a 25 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $130,217 and has scheduled increases of 1.75% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,345 SF
Building Class
C
Year Built
1983
Price
$3,089,898 CAD
Price Per SF
$1,317.65 CAD
Cap Rate
5.75%
NOI
$177,669 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.48 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 13172 | Improvements Assessment | $42,269 CAD |
| Land Assessment | $6,918 CAD | Total Assessment | $49,187 CAD |
Property Taxes
Parcel Number
13172
Land Assessment
$6,918 CAD
Improvements Assessment
$42,269 CAD
Total Assessment
$49,187 CAD
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Popeyes, Inc | 6509 W Park Ave
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