709 W Tunnel Blvd - Fast Food FOR SALE


Houma, LA 70360
$2,009,279 USD
332-345-4222
709 W Tunnel Blvd, Houma, LA for Sale
$2,009,279 USD
Fast Food - FOR SALE
1/3
null | 5.75% Cap Rate

709 W Tunnel Blvd
Houma, LA 70360


HIGHLIGHTS

  • Strong Franchisee Guarantee
  • Rare, 25-Year, Absolute Triple-Net (NNN) Sale-Leaseback
  • Strong Unit-Level Financials
  • Strong Brand Recognition in a Prime Location with High Traffic

OVERVIEW

Surmount is pleased to present the exclusive listing for a Popeyes located at 599 W Tunnel Blvd, Houma, LA 70360. The site consists of roughly 2,531 rentable square feet of building space on an estimated 0.69-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 $115,534 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$2,009,279 USD

PRICE/SF

$794 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

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,938 SF

ZONING

-

APN/PARCEL ID

9616

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.