Popeyes for Sale in Tuscaloosa, AL
Tuscaloosa, AL
Key Investment Metrics
Price
$2,667,000
Cap Rate
6.0%
Net Operating Income
$160,000
Building Size
2493 SF
Land Area
0.574 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
2007
Occupancy
100%
Tenancy
Single
Rent Increases
7.50% every 5 years
Property overview
Popeyes in Tuscaloosa
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,493 SF
- Land area
- 0.574 acres
- Year built
- 2007
- Lease type
- Absolute NNN
- Lease expiration
- 02/28/2046
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.