Popeyes - Net Lease Property for Sale
Covington, TN
Key Investment Metrics
Price
$1,401,000
Cap Rate
5.9%
Net Operating Income
$82,680
Building Size
3165 SF
Lot Size
3,165 SF
Land Area
0.92 Acres
Remaining Term
12.4 years
Lease Expiration
12/17/2038
Lease Term
20 years
Lease Commencement
12/18/2018
Lease Type
Absolute NNN
Year Built
1986
Tenancy
Single
Rent Increases
10% rental increases every 5 years
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Covington, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 3165 square feet of building space and was built in 1986.
With a cap rate of 5.9%, this Popeyes net lease property offers stable income potential. The asking price is $1,401,000, making it an attractive option for 1031 exchange investors seeking quality Popeyes commercial properties.
Why Invest in Popeyes NNN Properties?
- Stable Income: Popeyes net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Popeyes is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Covington, TN Market Overview
Located in Covington, TN, this Popeyes property benefits from strong local demographics and market fundamentals. The Covington area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.