Property details

Commercial Net Lease, Great Lakes - Big Rivers Region

Property Description

Commercial Net Lease

Commercial net lease property with Popeye’s as the tenant.

What is a Commercial Net Lease property?
Commercial net lease properties are properties with a commercial tenant who essentially pays all of the expenses with no expenses to the landlord.

Other property related to Commercial Net Lease

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» Search for all Commercial net lease properties by selecting "Absolute Triple-Net (NNN) Only" in the Detailed Search of our PROPERTY SEARCH.

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Highlights

Status:
Available
Price:
$770,437
PSF:
$399
Cap Rate:
8.00%
Annual Rent:
$61,635
Rent Increases:
7.50% increases beginning Lease Year 6 and every 5th LY thereafter
 

Property Information

Building Size:
1,930 sq.ft.
Property Type:
Net Lease
Industry Type:
Restaurant
Units/Spaces:
1
Year Built:
1984
Land Area:
16,988 sq.ft.
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Popeye's
Lease Type:
NNN
Lease Commencement:
3/23/1999
Lease Expiration:
3/1/2019
Lease Term:
20 years
Years Remaining:
10 years
Landlord Responsibilities:
None-Absolute Triple Net Lease
Options:
2 - Five Year Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.