Popeyes (Leasehold Interest)

$ 1,714,286
2802 Wrightsboro Rd, Augusta,
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Overview

  • Updated On:
  • December 26, 2022

Description

-Leasehold Interest in NNN Popeyes Restaurant | Franchisee Guarantee | Highest Performing Location in the Augusta, GA MSA | 16 Total Locations in Augusta and Charleston, SC
-Just Over 9 Years Remaining on NNN Lease | Tenant Pays All Expenses, Including Ground Lease Rent
-Popeyes has Two, 5-Year Options to Renew with 10% Escalations | 5% Escalation Every 5 Years During Base Term
-Ground Lease with General Aviation Commission | Five, 5-Year Options to Renew as of 7/31/2022
-Tenant Reports Sales Monthly | Average Monthly Sales for 6/22 – 8/22= $140,980 | Long Term Tenancy of Almost 40 Years
-Hard Corner Lot, Directly Adjacent to Charlie Norwood VA Medical Center (285 Beds) & Trinity Hospital of Augusta (231 Beds)
-Numerous National Retailers in Immediate Surrounding Area | Food Lion, Pizza Hut, Dairy Queen, Planet Fitness, and More | 20,500 VPD via Wrightsboro Rd | 11,100 VPD via Highland Ave

Address: 2802 Wrightsboro Rd, Augusta
City:
State/County:
Country: United States
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Property Id : 20233
Price: $ 1,714,286
Cap Rate: 7.00%
Rentable Area: 3,378 SF
Year Built: 1984

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Riley Harder

Investment Specialist
Since procuring his first investment property at the age of 26, Mr. Harder realized the im ...

Ani Paulson

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