5478 Highway 280 - Fast Food FOR SALE


Harpersville, AL 35078
$1,365,000 USD
949-506-2012
5478 Highway 280, Harpersville, AL for Sale
$1,365,000 USD
Fast Food - FOR SALE
1/8
null | 6.25% Cap Rate

5478 Highway 280
Harpersville, AL 35078


HIGHLIGHTS

  • Over 18 Years Remaining | Annual Rental Increases | Established Brand & Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | Nearby School | National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Popeyes investment property located in Harpersville, Alabama. The tenant, Popeyes, has over 18 years remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and options thereafter, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Popeyes is a subsidiary of Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with more than $40 billion in annual system-wide sales and over 30,000 restaurants in more than 100 countries.

FOR SALE DETAILS

PRICE

$1,365,000 USD

PRICE/SF

$548 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | 18+yrs Abs NNN w/ Annual Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

B-1

APN/PARCEL ID

7.8283E+13

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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