Popeyes (Leasehold Interest)

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