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Popeyes | New 20-Yr NNN Sale-Leaseback 620 N Howard St 2 520 pi² Commerce de détail Immeuble Akron, OH 44310 2 110 500 $ CAD (837,50 $ CAD/pi²) 6% Taux de capitalisation
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Faits saillants de l'investissement
- New 20-Year Sale-Leaseback NNN Lease Commencing at Close of Escrow | Zero Landlord Responsibilities
- Operated and Guaranteed by an Established 13-Unit Popeyes Franchisee
- Signalized Intersection of North Howard Street (±7,000 VPD) and Tallmadge Avenue (±10,736 VPD)
- Scheduled 10% Rent Increases Every 5 Years | Four (4) Five-Year Renewal Options
- Tenant-Funded Remodel Slated for 2028 at No Cost to Landlord
- Convenient Access to State Route 8 (±100,071 VPD), Interstate 77, and Interstate 76
Résumé de l'annonce
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes drive-thru located at 620 North Howard Street in Akron, Ohio. The ±2,520-square-foot restaurant is secured by a new 20-year sale-leaseback NNN lease commencing at close of escrow, with zero landlord responsibilities and four (4) five-year renewal options. The property generates $90,000 in annual base rent at a 6.00% cap rate, with scheduled 10% rent increases every five years providing consistent income growth. The lease is operated and guaranteed by an established 13-unit Popeyes franchisee, and the tenant is slated to remodel the location at their own expense in 2028.
The property sits along North Howard Street (±7,000 VPD) at its signalized intersection with Tallmadge Avenue (±10,736 VPD), with access to State Route 8 (±100,071 VPD), Interstate 77, and Interstate 76. Nearby retailers include Home Depot, Best Buy, Sam's Club, and Lowe's at The Plaza at Chapel Hill Shopping Center. The 3-mile trade area holds 104,813 residents with an average household income of $69,312, supported by The University of Akron (15,000+ enrollment), Cleveland Clinic Akron General (500+ beds), and Summa Health (600+ beds). The asset sits within the Akron MSA (706,559 residents), pairing brand strength from Popeyes' 3,700+ global locations under Restaurant Brands International (S&P: BB) with passive, long-term net-lease income.
The property sits along North Howard Street (±7,000 VPD) at its signalized intersection with Tallmadge Avenue (±10,736 VPD), with access to State Route 8 (±100,071 VPD), Interstate 77, and Interstate 76. Nearby retailers include Home Depot, Best Buy, Sam's Club, and Lowe's at The Plaza at Chapel Hill Shopping Center. The 3-mile trade area holds 104,813 residents with an average household income of $69,312, supported by The University of Akron (15,000+ enrollment), Cleveland Clinic Akron General (500+ beds), and Summa Health (600+ beds). The asset sits within the Akron MSA (706,559 residents), pairing brand strength from Popeyes' 3,700+ global locations under Restaurant Brands International (S&P: BB) with passive, long-term net-lease income.
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Type de propriété
Commerce de détail
Sous-type de propriété
Restauration rapide
Taille du bâtiment
2 520 pi²
Année de construction
1979
Prix
2 110 500 $ CAD
Prix par pi²
837,50 $ CAD
Taux de capitalisation
6%
Revenu net d’exploitation
126 630 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,28
Taille du lot
0,21 AC
Stationnement
20 places (7,93 places par 1 000 pi² loué)
Façade
Commodités
- Ligne d'autobus
- Enseigne sur pylône
- Affichage
- Intersection avec signalisation
- Service au volant
Principaux locataires
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Fin du bail
-
- Hébergement et services alimentaires
- -
- -
- -
Founded in New Orleans in 1972 by Al Copeland, the company began as a small fried chicken restaurant and later became known for a Louisiana-inspired approach to quick-service dining. The business serves fried chicken, chicken sandwiches, tenders, seafood, biscuits, desserts, and regional sides, with franchising forming a major part of the operating model. A broad restaurant network now supports service across the United States and international markets, and digital ordering, delivery, and franchise development remain part of the company's business mix.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Fin du bail | ||
|
|
Hébergement et services alimentaires | - | - | - |
Moyennement accessible à pied
70/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 68-34230 | Évaluation des bâtiments | 36 990 $ CAD |
| Évaluation du terrain | 11 152 $ CAD | Évaluation totale | 48 142 $ CAD |
Impôts fonciers
Numéro de lot
68-34230
Évaluation du terrain
11 152 $ CAD
Évaluation des bâtiments
36 990 $ CAD
Évaluation totale
48 142 $ CAD
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Popeyes | New 20-Yr NNN Sale-Leaseback | 620 N Howard St
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