5503 Commercial St SE - Fast Food FOR SALE


Salem, OR 97306- South Gateway
$3,385,783 USD
203-253-9455
5503 Commercial St SE, Salem, OR for Sale
$3,385,783 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

5503 Commercial St SE
Salem, OR 97306
South Gateway


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease
  • New Construction & High Visibility Site
  • Strong Franchisee Guarantee
  • Long Term Lease with Annual Rental Increases

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street SE, Salem, OR 97306. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $199,653 and has scheduled increases of 1.75% Annually.

FOR SALE DETAILS

PRICE

$3,385,783 USD

PRICE/SF

$1,451 USD /SF

CAP RATE

6%

% 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

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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