2802 20th Ave | Valley, AL 36854
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2802 20th Ave
Valley, AL 36854
Popeyes - NNN Lease · Retail Property For Sale
Investment Highlights
- Recently constructed free-standing Popeyes
- 15 year NNN lease with 2 X 5 year options
- Absolute NNN Lease - No Landlord Responsibilities
- 10% Rent Increase January of 2025
- 10% rent increases every 5 years, and next rent increase is 1/1/2025
- Approximately 7 miles from KIA Motors manufacturing plant, which is 2,200 acre and cost $1.1 Billion
Executive Summary
This investment offering is an excellent opportunity to acquire brand new developed free-standing Popeyes, located between Atlanta and Montgomery in Valley, AL. Popeyes opened at the beginning of 2019, and has a 15 year NNN lease which began in 2020, that includes 10% increases every 5 years with 2 x 5 year options. The franchisee is based in Atlanta, and currently operates Popeyes, Tim Hortons, Checkers and Moe's. Popeyes is well located on a major exit off of I-85 and benefits from travelers as it is a perfect stop between Atlanta and Montgomery. Popeyes is situated between Dunkin Donuts as well as Waffle House and located on the major retail corridor for the area. Popeyes is one of the fastest growing QSR brands in the world and this is an ideal location for the restaurant.
The subject property is on the first exit once crossing from Georgia into Alabama, approximately 80 miles southwest of downtown Atlanta, and 80 miles northeast of Montgomery, AL. In 2009, KIA Motors opened a plant in West Point Georgia creating more that 15,000 jobs for the area, and is located approximately 7 miles from Valley on I-85. The plant covers 2,200 acres with a total investment from KIA Motors of $1.1 Billion. KIA Motors currently produces 340,000 vehicles a year at this location operating 3 shifts a day, 24 hours a day to supply the 940 dealerships across the United States and Canada. Prior to KIA Motors, for over 100 years Valley thrived and flourished from the textile industry. Valley is now situated to make a major economic advances in the near future, and with KIA Motors located a ‘stones throw’ from Valley, even greater advances are to be expected.
The subject property is on the first exit once crossing from Georgia into Alabama, approximately 80 miles southwest of downtown Atlanta, and 80 miles northeast of Montgomery, AL. In 2009, KIA Motors opened a plant in West Point Georgia creating more that 15,000 jobs for the area, and is located approximately 7 miles from Valley on I-85. The plant covers 2,200 acres with a total investment from KIA Motors of $1.1 Billion. KIA Motors currently produces 340,000 vehicles a year at this location operating 3 shifts a day, 24 hours a day to supply the 940 dealerships across the United States and Canada. Prior to KIA Motors, for over 100 years Valley thrived and flourished from the textile industry. Valley is now situated to make a major economic advances in the near future, and with KIA Motors located a ‘stones throw’ from Valley, even greater advances are to be expected.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,400 SF
Building Class
B
Year Built
2019
Price
£1,382,616
Price Per SF
£576
Net Initial Yield
5.50%
NOI
£76,064
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.97 AC
PROPERTY TAXES
Parcel Number | 10-07-36-4-006-017.000 | Improvements Assessment | £104,649 |
Land Assessment | £20,710 | Total Assessment | £125,359 |
PROPERTY TAXES
Parcel Number
10-07-36-4-006-017.000
Land Assessment
£20,710
Improvements Assessment
£104,649
Total Assessment
£125,359
1 of 14
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP