Popeyes - Net Lease Property for Sale
Hammond, LA
Key Investment Metrics
Price
$2,364,988
Cap Rate
5.8%
Net Operating Income
$135,987
Building Size
2599 SF
Lot Size
2,599 SF
Land Area
0.31 Acres
Remaining Term
25 years
Lease Term
25 years
Lease Type
NNN
Tenant Credit
Corporate Guarantee
Year Built
2009
Occupancy
100%
Tenancy
Single
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Hammond, LA and represents an excellent investment opportunity for commercial real estate investors. The property features 2599 square feet of building space and was built in 2009.
With a cap rate of 5.8%, this Popeyes net lease property offers stable income potential. The asking price is $2,364,988, 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.
Hammond, LA Market Overview
Located in Hammond, LA, this Popeyes property benefits from strong local demographics and market fundamentals. The Hammond area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.