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Popeyes 700 N Canal Blvd 2,599 SF Retail Building Thibodaux, LA 70301 $4,409,746 CAD ($1,696.71 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Franchisee Guarantee
- Strong Unit-Level Financials
- Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
- Strong Underlying Real Estate
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Popeyes located at 700 N Canal Blvd, Thibodaux, LA 70301. The site consists of roughly 2,599 rentable square feet of building space on an estimated 1.33-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 $184,892 and has scheduled increases of 1.75% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,599 SF
Building Class
C
Year Built
2005
Price
$4,409,746 CAD
Price Per SF
$1,696.71 CAD
Cap Rate
5.75%
NOI
$253,561 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.33 AC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0052846795 | Improvements Assessment | $80,114 CAD |
| Land Assessment | $43,161 CAD | Total Assessment | $123,275 CAD |
PROPERTY TAXES
Parcel Number
0052846795
Land Assessment
$43,161 CAD
Improvements Assessment
$80,114 CAD
Total Assessment
$123,275 CAD
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Popeyes | 700 N Canal Blvd
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