Popeyes (GL)

1320 West Baseline Road, Rialto, CA 92376

$4,000,000

Cap Rate 4.50%

Views: 52 DOM: 74 Updated: 08.08.24 Posted: 06.26.24 Status: Active

Summary

Price $4,000,000	Built/Renov 2005	Tenant Popeyes (GL)
Cap Rate 4.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,224	Lease Start 08-01-2024	#Units 30
Price/SF $1,798.56	Expiration 07-31-2039	Tenant Type Fast Food/QSR
NOI $180,000	R. Term 14.11	Ownership Ground Lease
Rent/SF $80.94	Increases 7.5%/5/yrs	Pop 5Mi 368,429
Lot/AC 0.81	Options 2/5yrs/7.5%	AHHI 5Mi $87,393

Lease Highlights

Brand-new 15-year ground lease with 2 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by SG Food Express LLC (30 units backed)

Location Description

Popeyes is strategically located at the signalized, hard corner intersection of West Baseline Road and Ayala Drive, with access to 34,000 vehicles passing by daily. The property is conveniently located 1 mile south of the 210 Freeway, which sees 154,000 VPD. According to Placer.ai, it ranks among the top 30% of all Popeyes locations in California based on consumer traffic. Nearby, well-known...

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Key Features

Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
25+ unit franchisee backed

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Links

Popeyes Wikipedia Popeyes Wikipedia Rialto, California Zip Code 92376 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Franchisee
Company:SG Food Express LLC
# Units:30
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...

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Listing Broker

Bill Asher

Hanley Investment Group

Contact

142 Listings
11809 Views
60 Sold

Jeff Lefko

Hanley Investment Group

Contact

142 Listings
11532 Views
62 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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