Overview

Listing ID:#20192812

Building SF:3,806

Parcel Size:1.09 Acres

Price:$2,250,000

Building PSF:$591.17

Property Type:Retail

Date Available:Now

Sub-Type: Freestanding

Popeyes Madison East WB OM.pdf

NNN INVESTMENT OPPORTUNITY

100% fee simple interest in a Popeyes location on Madison's East Side. The investment offers minimal Landlord responsibilities,10% rent increases every five years, and 20 years of option periods...personally guaranteed by a 66+ unit operator. The property is positioned on a hard corner signalized intersection along East Washington Avenue with over 45,000 VPD and excellent visibility. The site benefits from great access, ample parking (11:1), significant drive-thru stacking, pylon signage, and is surrounded by many national retailers.

Financial Information

Net Op. Income:$146,531

Cap Rate:6.50%

Building Details

Building Type:Stand Alone

Building Status:Existing

Outside Parking:Yes

Contact Listing Agent

Jamani Bergh

608-473-7727
Email

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