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Warrenton, Oregon

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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

Key Details

Cap Rate:
Annual Rent:
1781 SE Ensign Lane, Warrenton, Oregon 97146
Property Type:
Net-Leased Restaurant
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
2.00% Annually Starting Year 6
Lot Size:
+/-0.49 Acres
Building Size:
2,133 SF
Year Built:

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Edward Otocka

License: 10401298466

Amelia Haydock

License: 10401334976

Broker of record

Adam Lewis

License: 201209561

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