Popeyes NNN — Cleveland, OH

$2,533,333 · 6.00% CAP · 20 YRS

Twenty-year franchisee sale-leaseback on a Popeyes along Cleveland's Lorain Avenue, with a remodel scheduled. The 1987 building prices at a 6% cap on the fresh term.

Lease Abstract

Price

$2,533,333

Cap rate

6.00% CAP

NOI

$152,000

Term remaining

20 YRS

Lease type

NNN

Options

4 x 5 Years

Guarantee

Franchisee

Building

2,940 SF

Lot

0.26 AC

Year built

1987

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Location

Cleveland, Ohio. Full address and offering memorandum released on request — see our Popeyes tenant guide and the Ohio market page for the underwriting context.