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338 Leontyne Price Boulevard
Laurel, MS 39440
Asking Price
$1.87M
Cap Rate
6.15%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
Popeyes | 113 Unit Franchisee | ± 19.6 Years | Absolute NNN <ul><li>ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES | ± 19.6 YEARS REMAINING TERM</li><li>GLOBALLY RECOGNIZED BRAND | SECOND-LARGEST CHICKEN CHAIN</li><li>OPPORTUNITY ZONE | CENSUS TRACT 950600</li><li>SAWMILL SQUARE MALL | DENSE RETAIL CORRIDOR | NATIONAL TENANTS</li><li>5th LARGEST POPEYES FRANCHISEE | HIGH PERFORMING SITE | HEALTHY RENT TO SALES RATIO</li><li>PURPOSELY BUILT DESIGN | DRIVE-THRU CONCEPT</li><li>RECESSION-RESISTANT ASSET</li><li>PRIME LOCATION RIGHT OFF I-59 RAM
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NOI
$80,000
Cap Rate
4.28%
DSCR
0.72
Underwater
Cash-on-Cash
-5.51%
Monthly Payment
$9,237.179
Annual Cash Flow
$-30,846.152
