Popeyes

461 Western Bypass, Andalusia, AL

Property Information

Price Summary

$ 2,583,335

Cap Rate

6 %

NOI

$ 155,000

Total Lot Size

1 Acres

Building Size

2,709 SF

Market Leader/Director

T: (262) 309-4900

Popeyes in Andalusia, AL With Full 20 Years Remaining on Primary Term
Absolute NNN Lease – Zero Landlord Responsibilities
Attractive 7.5% Rent Increase Every 5 Years
Tenant Has Committed to Store Remodel by 2030, Demonstrating Strong Staying Power
Strong Retail Traffic Drivers Nearby Including Ollie’s, Tractor Supply Company, Pic-n-Sav, and Dozens of Other National Credit Retail
Strategically Positioned Along Western Bypass With Nearly 15,000 Vehicles Passing in Front of Subject Property Daily
Guaranteed by Ram-Z Restaurant Group, a Rapidly Growing Operator of 80+ Units Across Three Brands
Andalusia is the County Seat of Covington County, Providing a Stable Population Base With Growing Retail Development
History of Strong Reported Sales at Location – Inquire With Broker