Popeyes for Sale in Wetumpka, AL
Wetumpka, AL
Key Investment Metrics
Price
$2,150,000
Cap Rate
6.0%
Net Operating Income
$130,050
Building Size
2766 SF
Land Area
0.68 Acres
Remaining Term
16.9 years
Lease Expiration
05/31/2043
Lease Term
20 years
Lease Commencement
05/31/2023
Lease Type
Absolute NNN
Year Built
2020
Occupancy
100%
Tenancy
Single
Rent Increases
2% annual rent escalations
Property overview
Popeyes in Wetumpka
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,766 SF
- Land area
- 0.68 acres
- Year built
- 2020
- 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.