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Popeyes 6831 Odana Rd 3,500 SF Retail Building Madison, WI 53719 $2,812,249 CAD ($803.50 CAD/SF) 5.85% Cap Rate
Investment Highlights
- 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Strong Personal Guaranty from High-Net-Worth Operator
- Popeyes is the 2nd Largest Chicken Chain in the U.S.
- High-Performing Store with Above Average Sales, Low Rent-to-Sales Ratio at 5.8%
- Experienced Franchisee of Popeyes, Checkers, and BP, 70+ Locations and Growing
- Brand New Construction with Double Drive-Thru, Modern Prototype Design
Executive Summary
A Prime Investment Opportunity! 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
B
Year Built
2024
Price
$2,812,249 CAD
Price Per SF
$803.50 CAD
Cap Rate
5.85%
NOI
$164,539 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
G2 - Commercial
Parking
44 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
218’ on Odana Road
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 0708-252-0424-4 | Improvements Assessment | $555,996 CAD |
| Land Assessment | $674,284 CAD | Total Assessment | $1,230,280 CAD |
Property Taxes
Parcel Number
0708-252-0424-4
Land Assessment
$674,284 CAD
Improvements Assessment
$555,996 CAD
Total Assessment
$1,230,280 CAD
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Popeyes | 6831 Odana Rd
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