Popeyes - Net Lease Property for Sale
Greenwood, SC
Key Investment Metrics
Price
$2,020,267
Cap Rate
6.3%
Net Operating Income
$128,287
Building Size
2145 SF
Lot Size
2,145 SF
Land Area
0.96 Acres
Remaining Term
14 years
Lease Expiration
12/31/2039
Lease Term
20 years
Lease Commencement
12/27/2019
Lease Type
NNN
Tenant Credit
Franchisee
Year Built
2019
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Greenwood, SC and represents an excellent investment opportunity for commercial real estate investors. The property features 2145 square feet of building space and was built in 2019.
With a cap rate of 6.3%, this Popeyes net lease property offers stable income potential. The asking price is $2,020,267, 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.
Greenwood, SC Market Overview
Located in Greenwood, SC, this Popeyes property benefits from strong local demographics and market fundamentals. The Greenwood area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.