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3300 N 1st Avenue, Evansville, IN

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3300 N 1st Avenue

Evansville, IN 47710 - Northside/Airport Submarket

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:2005
Building Size:3,235 SF Land Area:.08 AC (3,485 SF)
For Sale Price:$1,656,967 Price/SF:$512.20
Cap Rate:6.00 %
Parking:25 Surface spaces are available; Ratio of 7.65/1,000 SF
Features:Drive Thru

Located NW side of town. High Traffic area. 200 +/- feet of frontage on 1st ave.

Sale Notes:
Stan Johnson Company, on behalf of Ownership, as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Popeyes Louisiana Kitchen located at 3300 North 1st Avenue in Evansville, Indiana (the Property ). The Property is comprised of +/- 3,235 square feet on 1.13 acres, and currently operated by Decatur Fastfood LLC, a multi-unit Popeyes operator led by a seasoned management team with over 30-years of experience in the restaurant industry. The lease is currently guaranteed personally by the principal of the franchisee operator and also by the company entity level (contact agent for details). The lease is absolute NNN in nature with no management responsibilities and currently has 17.6 years remaining on the primary term, which calls for annual rental increases throughout the base term and four (4), five (5) year renewal options.

Stan Johnson Company
Blaise Bennett
(312) 777-2449

Brandon Duff
(312) 240-0162

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