6509 W Park Ave - Fast Food FOR SALE


Houma, LA 70364
$2,264,640 USD
332-345-4222
6509 W Park Ave, Houma, LA for Sale
$2,264,640 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

6509 W Park Ave
Houma, LA 70364


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
  • Strong Unit-Level Financials
  • Dense Retail Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 6509 W Park Ave, Houma, LA 70364. The site consists of roughly 2,345 rentable square feet of building space on an estimated 0.48-acre parcel of land. This Popeyes is subject to a 25 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $130,217 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$2,264,640 USD

PRICE/SF

$966 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes, Inc

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

-

APN/PARCEL ID

13172

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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