461 Western Byp - Fast Food FOR SALE
Andalusia, AL 36420 |
$2,583,335 USD
262-309-4900
461 Western Byp
Andalusia, AL 36420
HIGHLIGHTS
- Popeyes in Andalusia, AL With Full 20 Years Remaining on Primary Term
- Absolute NNN Lease – Zero Landlord Responsibilities
- Attractive 7.5% Rent Increase Every 5 Years
- Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
- Strong Retail Traffic Drivers Nearby Including Ollie’s, Tractor Supply Company, Pic-nSav, and Dozens of Other National Credit Retail
- Strategically Positioned Along Western Bypass With Nearly 15,000 Vehicles Passing in Front of Subject Property Daily
OVERVIEW
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Popeyes in Andalusia, AL. This property features a full 20-year primary lease term under an absolute NNN structure with zero landlord responsibilities and built-in 7.5% rent increases every five years.
In cooperation with Brian Brockman at Bang Realty-Alabama, Inc. | AL #119315 | bor@bangrealty.com | (513) 898-1551
FOR SALE DETAILS
PRICE
$2,583,335 USD
PRICE/SF
$954 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Popeyes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Storefront, Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
14-06-24-1-001-001.000
ASK ABOUT THIS PROPERTY
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262-309-4900
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262-309-4900
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