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Popeyes 5503 Commercial St SE

2,333 SF Retail Building Salem, OR 97306 £2,755,385 (£1,181/SF) 5.75% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease
  • Strong Franchisee Guarantee
  • New Construction
  • Long Term Lease with Annual Rental Increases

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Popeyes located at 5503 Commercial Street SE, Salem, OR 97306. The site consists of roughly 2,333 rentable square feet of building space on an estimated 1-acre parcel of land. This Popeyes is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2023. The current annual rent is $199,653 and has scheduled increases of 1.75% Annually.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,333 SF
Building Class
B
Year Built
2023
Price
£2,755,385
Price Per SF
£1,181
Net Initial Yield
5.75%
NOI
£158,435
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
1.00 AC
Zoning
CR
Frontage
160 ft on Commercial St

AMENITIES

  • Bus Route
  • Signage
1 of 1
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Starbucks
Safeway
U.S. Bank
Planet Fitness
Dutch Bros
Applebee's
9Round
Chase Bank
Jenny Craig
the Human Bean

PROPERTY TAXES

Parcel Number 575492 Improvements Assessment £0
Land Assessment £0 Total Assessment £682,639

PROPERTY TAXES

Parcel Number
575492
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£682,639
(332) 345-4222

CONTACTS

  • Listing ID: 34806484

  • Date on Market: 12/02/2025

  • Last Updated:

  • Address: 5503 Commercial St SE, Salem, OR 97306

The South Gateway Retail Property at 5503 Commercial St SE, Salem, OR 97306 is currently available. Contact NNN Pro Group for more information.

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5503 Commercial St SE, Salem, OR for sale Building Photo- Image 1 of 3
5503 Commercial Street - Salem, OR - Main
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Popeyes | 5503 Commercial St SE
(332) 345-4222 x

Popeyes | 5503 Commercial St SE

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Edward Otocka

(203) 253-9455

(203) 253-9455

Amelia Haydock

(332) 345-2408

(332) 345-2408

Robert Stein

(973) 970-0597

(973) 970-0597

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