14274 University Ave - Fast Food FOR SALE


Hammond, LA 70401
$2,364,988 USD
516-477-7026
14274 University Ave, Hammond, LA for Sale
$2,364,988 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

14274 University Ave
Hammond, LA 70401


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
  • Strong Unit-Level Financials
  • Proximity to Southeastern Louisiana University

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 14274 University Ave, Hammond, LA 70401. The site consists of roughly 2,599 rentable square feet of building space on an estimated 0.31-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 $135,987 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$2,364,988 USD

PRICE/SF

$1,191 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

61,039 SF

ZONING

-

APN/PARCEL ID

01831518

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.