Marcus & Millichap is pleased to present the exclusive listing for a Popeyes located at 1781 SE Ensign Lane in Warrenton, OR. The property consists of 2,133 square feet of building space and is situated on an estimated 0.49-acres of land. The tenant is subject to a 20-year absolute triple net (NNN) lease, that will commence upon close of escrow. The base rent is $158,986 and will increase by 2.00% percent annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.
About the Investment
✓ Brand New 20-Year Sale-Leaseback
✓ Tenant will Begin Construction at the Close of Escrow
✓ Rent will Commence at Store Opening
✓ Triple Net (NNN) Lease with Zero Landlord Responsibilities
✓ Attractive Rental Increases of Two Percent (2.0%) Annually Beginning in Year 6
✓ Four (4) Tenant Renewal Periods of Five (5) Years Each