2802 20th Ave - Fast Food FOR SALE


Valley, AL 36854
$1,745,000 USD
404-812-8927
2802 20th Ave, Valley, AL for Sale
$1,745,000 USD
Fast Food - FOR SALE
1/13
null | 5.5% Cap Rate

2802 20th Ave
Valley, AL 36854


HIGHLIGHTS

  • Recently constructed free-standing Popeyes 
  • 10% Rent Increase January of 2025
  • 15 year NNN lease with 2 X 5 year options 
  • 10% rent increases every 5 years, and next rent increase is 1/1/2025
  • Absolute NNN Lease - No Landlord Responsibilities
  • Approximately 7 miles from KIA Motors manufacturing plant, which is 2,200 acre and cost $1.1 Billion

OVERVIEW

This investment offering is an excellent opportunity to acquire brand new developed free-standing Popeyes, located between Atlanta and Montgomery in Valley, AL. Popeyes opened at the beginning of 2019, and has a 15 year NNN lease which began in 2020, that includes 10% increases every 5 years with 2 x 5 year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Checkers and Moe's. Popeyes is well located on a major exit off of I-85 and benefits from travelers as it is a perfect stop between Atlanta and Montgomery. Popeyes is situated between Dunkin Donuts as well as Waffle House and located on the major retail corridor for the area. Popeyes is one of the fastest growing QSR brands in the world and this is an ideal location for the restaurant. The subject property is on the first exit once crossing from Georgia into Alabama, approximately 80 miles southwest of downtown Atlanta, and 80 miles northeast of Montgomery, AL. In 2009, KIA Motors opened a plant in West Point Georgia creating more that 15,000 jobs for the area, and is located approximately 7 miles from Valley on I-85. The plant covers 2,200 acres with a total investment from KIA Motors of $1.1 Billion. KIA Motors currently produces 340,000 vehicles a year at this location operating 3 shifts a day, 24 hours a day to supply the 940 dealerships across the United States and Canada. Prior to KIA Motors, for over 100 years Valley thrived and flourished from the textile industry. Valley is now situated to make a major economic advances in the near future, and with KIA Motors located a ‘stones throw’ from Valley, even greater advances are to be expected.

FOR SALE DETAILS

PRICE

$1,745,000 USD

PRICE/SF

$727 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes - NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,273 SF

ZONING

-

APN/PARCEL ID

10-07-36-4-006-017.000

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.