Popeyes for Sale in Millbrook, AL
Millbrook, AL
Key Investment Metrics
Price
$2,511,000
Cap Rate
6.0%
Net Operating Income
$144,432
Building Size
2604 SF
Land Area
1.6 Acres
Remaining Term
17.4 years
Lease Expiration
05/31/2043
Lease Term
17 years
Lease Commencement
06/01/2023
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2021
Tenancy
Single
Rent Increases
2% Annual Increases
Property overview
Popeyes in Millbrook
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,604 SF
- Land area
- 1.6 acres
- Year built
- 2021
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2043
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.