NNN Pro is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial St SE, Salem, OR 97306. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $214,000 and has scheduled increases of 1.75% Annually Starting Year 7.
Long Term Lease
Brand New Long Term, 20-Year Lease that Commenced in June 2023
Dense Urban Infill
Trader Joes, Walmart, Rite Aid, Petco, Tuesday Morning, Walgreens,
Goodwill, Burger King, Jack in the Box, Applebee’s, McDonalds, and More
Large Academic Presence
Willamette University is Located Within Close Proximity of the Subject
Property | Total Enrollment Exceeding 2,800
