Popeyes for Sale in Cleveland, OH
Cleveland, OH
Key Investment Metrics
Price
$2,533,333
Cap Rate
6.0%
Net Operating Income
$152,000
Building Size
2940 SF
Land Area
0.26 Acres
Remaining Term
20 years
Lease Term
20 years
Lease Type
NNN
Year Built
1987
Occupancy
100%
Tenancy
Single
Rent Increases
10%/5-Years
Property overview
Popeyes in Cleveland
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,940 SF
- Land area
- 0.26 acres
- Year built
- 1987
- Lease type
- NNN
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.