Sold Subscription Required
| Price $1,684,210 | Built/Renov 1988 | Tenant Popeyes |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
2,541
| Lease Start
02-25-2022
| #Units
40
|
| Price/SF $662.81 | Expiration
02-25-2042
| Tenant Type Fast Food/QSR |
| NOI $80,000 | R. Term 17.2 | Ownership Fee Simple |
| Rent/SF
$31.48
| Increases 8.0%/3/yrs | Pop 5Mi 90,373 |
| Lot/AC 0.68 | Options 4/5yrs/8% | AHHI 5Mi $54,380 |
| | |
Popeyes is strategically located on W Norton Avenue, with access to 14,000 vehicles passing by daily. It boasts excellent signage, ingress, and egress on W Norton Ave, near the hard corner intersection with Seaway Drive (25,000 VPD). Additionally, the property is surrounded by national retailers such as Meijer, Walmart Supercenter, Home Depot, Aldi, CVS, Walgreens, Advance Auto Parts, and...
...Build to suit
Dense retail corridor
Near major nationals
Strategically located
Strong tenant synergy
Top 100 MSA
Long 15+ yr lease
Absolute NNN
Personal guarantee
25+ unit franchisee backed
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,772 | 53,516 | 93,705 |
| 2023 Total Population : | 8,805 | 53,742 | 94,029 |
| 2023 Employed Civilian Pop : | 3,917 | 23,642 | 39,868 |
| 2023 Total Businesses : | 418 | 1,743 | 3,369 |
| 2023 Average Household Income : | $ 66,059 | $ 68,712 | $ 70,089 |
| 2023 Total Consumer Spending : | $ 221 M | $ 1344 M | $ 2313 M |
| 2023 Median Age : | 38 | 40 | 39 |
| 2023 Total Households : | 3,812 | 22,296 | 37,588 |
| 2023 Pop Age 25+: Bachelor's Degree : | 905 | 6,150 | 10,370 |
| 2023 Average Home Value : | $ 188,913 | $ 180,698 | $ 188,906 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| BETWEEN US-31BR AND HENRY (IN NORTON SHORES) | Henry St | 2021 | 20,307 | 0.03 mi |
| W Norton Ave | W Norton Ave | 2021 | 15,721 | 0.10 mi |
| Seaway Dr | W Norton Ave | 2015 | 20,300 | 0.16 mi |
| Henry St | Seminole Rd | 2003 | 15,407 | 0.19 mi |
| Maple Grove Rd AND Henry St | Henry St | 2021 | 14,689 | 0.25 mi |
| 0.1 Miles South of Cranbrook | W Norton Ave | 2021 | 18,353 | 0.32 mi |
| 0.3 MILE E OF HENRY (IN NORTON SHORES) | Waalkes St | 2021 | 8,900 | 0.32 mi |
| Henry St | Winslow Ct | 2004 | 15,555 | 0.35 mi |
| Seaway Dr | Seminole Rd | 2015 | 27,000 | 0.46 mi |
| BETWEEN BROWNE AND WINSLOW (IN NORTON SHORES) | Winslow Ct | 2021 | 15,668 | 0.46 mi |
Houston, TX
Cap Rate 5.20%
Lease Abs NNN
R. Term 13.11 yrs
Size/SF 935
Detroit, MI
Cap Rate 4.50%
Lease Abs NNN
R. Term 10.20 yrs
Size/SF 2,127
Liberty Hill, TX
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 2,400
Prescott Valley, AZ
Cap Rate 5.50%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 600
Scottsboro, AL
Cap Rate 5.68%
Lease Abs NNN
R. Term 11.30 yrs
Size/SF 1,800
Madison Heights, MI
Cap Rate 4.82%
Lease Abs NNN
R. Term 7.00 yrs
Size/SF 2,784
Pensacola, FL
Cap Rate 5.15%
Lease Abs NNN
R. Term 7.11 yrs
Size/SF 1,813
Lebanon, VA
Cap Rate 5.75%
Lease Abs NNN
R. Term 20.20 yrs
Size/SF 3,878
Saint Johns, FL
Cap Rate 5.00%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 1,750
Madison Heights, MI
Cap Rate 4.50%
Lease Abs NNN
R. Term 7.60 yrs
Size/SF 2,784
Jacksonville, FL
Cap Rate 5.75%
Lease Abs NNN
R. Term 15.00 yrs
Size/SF 950
Pensacola, FL
Cap Rate 5.75%
Lease Abs NNN
R. Term 10.10 yrs
Size/SF 510
Liberty Hill, TX
Cap Rate 4.75%
Lease Abs NNN
R. Term 19.60 yrs
Size/SF 2,155
Hermitage, TN
Cap Rate 5.55%
Lease Abs NNN
R. Term 0.60 yrs
Size/SF 2,795
Waxahachie, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 950
Fort Walton Beach, FL
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,640
Henrietta, NY
Cap Rate 5.75%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 2,820
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
