Popeyes Ground Lease - 3510 West Baseline Road, Phoenix, AZ, 85339
For Sale
For Sale
-
Year Built
2014
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Total Building Size
2,961 RSF
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Overview
Popeyes absolute NNN 15 year ground lease
Brand new 2014 construction
10% rental increases every 5 years
Low rent of $78,000 a year
December 2014 opening and strong sales
Popeye’s is publicly traded (NASDAQ Symbol: PLKI)
Popeye’s has approximately 2,379 locations worldwide and is growing rapidly
Popeye’s is the second-largest Quick Service Restaurant (QSR) chicken concept in the world, based on the number of units
Over 39,683 vehicles per day at the intersection (Source: Claritas)
Major employment in the submarket; 51,505 employees in a five mile radius (Source: Claritas)
Property Details
Popeyes absolute NNN 15 year ground lease
Brand new 2014 construction
10% rental increases every 5 years
Low rent of $78,000 a year
December 2014 opening and strong sales
Popeye’s is publicly traded (NASDAQ Symbol: PLKI)
Popeye’s has approximately 2,379 locations worldwide and is growing rapidly
Popeye’s is the second-largest Quick Service Restaurant (QSR) chicken concept in the world, based on the number of units
Over 39,683 vehicles per day at the intersection (Source: Claritas)
Major employment in the submarket; 51,505 employees in a five mile radius (Source: Claritas)
- Property TypeOffice, Retail
- Submarket
- Year Built2014
- Sale Price$1,560,000
- Total Building Size2,961RSF
- Total Acres0.71
- Cap Rate5.0%
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID788675