Popeyes for Sale in Ashland City, TN
Ashland City, TN
Key Investment Metrics
Price
$1,919,000
Cap Rate
5.5%
Net Operating Income
$105,538
Building Size
2256 SF
Land Area
0.69 Acres
Remaining Term
13 years
Lease Expiration
12/31/2039
Lease Term
20 years
Lease Commencement
12/19/2019
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
2019
Occupancy
100%
Tenancy
Single
Rent Increases
1% Annually
Property overview
Popeyes in Ashland City
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,256 SF
- Land area
- 0.69 acres
- Year built
- 2019
- Lease type
- NNN
- Lease expiration
- 12/31/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.