POPEYE’S - SALE PENDING

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Address: 5489 Hwy 45 ALT South, West Point MS

Price: $1,855,000

NOI: $111,266

Building Size: +/- 2,746 SF

Lot Size: +/- 0.88 AC

Type: Single-Tenant / Retail


 

Investment Overview

Single-tenant, absolute triple-net lease Popeyes Louisiana Kitchen Restaurant
0.88-acre(s) lot improved with an approximately 2,746-square foot building
20-year lease in place with Frayser Quality LLC, a 37-unit Popeyes entity operated by Garnett Station Partners
10 percent rental increases every five years in the base term
5 five-year renewal options
Outparcel to a Walmart Super center on busy Highway 45
Within 25 minutes of Columbus Airforce Base