700 N Canal Blvd - Fast Food FOR SALE


Thibodaux, LA 70301
$3,215,507 USD
332-345-4222
700 N Canal Blvd, Thibodaux, LA for Sale
$3,215,507 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

700 N Canal Blvd
Thibodaux, LA 70301


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
  • Strong Unit-Level Financials
  • Strong Underlying Real Estate

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 700 N Canal Blvd, Thibodaux, LA 70301. The site consists of roughly 2,599 rentable square feet of building space on an estimated 1.33-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 $184,892 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$3,215,507 USD

PRICE/SF

$1,103 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

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

-

APN/PARCEL ID

0052846795

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.