Phenix City, AL - Popeyes
$2,233,000
3540 Us 280 431 N, Phenix City, AL 36867
5.75
Cap Rate
128,378
NOI
Details:
Description:
• The tenant currently has 11 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and at the beginning of each option, growign NOI and hedging against inflation
• The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest chicken quick service restaurants with over 4,000 restaurants in the U.S. and around the world
• The asset is located along U.S. Hwy 280 & 431, a major retail road, that averages 34,500 VPD
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Aldi, Home Depot, Piggly Wiggly, Tractor Supply, Chick-fil-A, and many more
• Furthermore, the subject property is in close proximity to Jack Hughston Memorial Hospital (47 beds), Central High School (1,500 students), Summertree Apartments (160 units), Greenleaf Apartments (448 units) and many more, further increasing consumer traffic to the immediate trade area
Location
Gallery
