Popeyes for Sale in Vienna, GA
Vienna, GA
Key Investment Metrics
Price
$1,400,000
Cap Rate
7.6%
Net Operating Income
$106,119
Building Size
2904 SF
Land Area
1.21 Acres
Remaining Term
5.4 years
Lease Expiration
11/30/2031
Lease Term
15 years
Lease Commencement
12/01/2016
Lease Type
NN+
Tenant Credit
Franchisee
Year Built
1989
Occupancy
100%
Tenancy
Single
Rent Increases
10% at Each Option
Property overview
Popeyes in Vienna
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,904 SF
- Land area
- 1.21 acres
- Year built
- 1989
- Lease type
- NN+
- Lease expiration
- 11/30/2031
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.