For Sale

Absolute Net Lease Popeyes | Madison, WI MSA

Asking Price: $2,990,000 | Cap Rate: 6.15%

  • Net Operating Income: $183,792
  • Weighted Avg. Lease Term (WALT): 20 Years
  • Lease Type: Absolute Net

Property Highlights

  • New 20-year absolute net lease with zero landlord responsibilities
  • Recently modernized building occupied by Popeyes
  • Extremely high traffic counts, over 50,000 VPD
  • Very attractive rent escalations; 1.5% annually after year 3