Popeyes for Sale in Hattiesburg, MS
Hattiesburg, MS
Key Investment Metrics
Price
$2,838,583
Cap Rate
6.0%
Net Operating Income
$170,315
Building Size
2196 SF
Land Area
0.55 Acres
Remaining Term
19.4 years
Lease Expiration
11/30/2045
Lease Term
20 years
Lease Commencement
11/17/2025
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1991
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Popeyes in Hattiesburg
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,196 SF
- Land area
- 0.55 acres
- Year built
- 1991
- Lease type
- Absolute NNN
- Lease expiration
- 11/30/2045
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.