Popeyes - Net Lease Property for Sale
Pelham, AL
Key Investment Metrics
Price
$1,917,000
Cap Rate
6.0%
Net Operating Income
$115,000
Building Size
2256 SF
Lot Size
2,256 SF
Land Area
0.595 Acres
Remaining Term
20.2 years
Lease Expiration
02/28/2046
Lease Term
20 years
Lease Commencement
02/27/2026
Lease Type
Absolute NNN
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
7.50% every 5 years with four 5-year options to renew
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Pelham, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 2256 square feet of building space and was built in 2001.
With a cap rate of 6.0%, this Popeyes net lease property offers stable income potential. The asking price is $1,917,000, 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.
Pelham, AL Market Overview
Located in Pelham, AL, this Popeyes property benefits from strong local demographics and market fundamentals. The Pelham area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.