Popeyes
Single-Tenant Offerings
Popeyes
6831 Odana Road
Madison, WI
- Price:
- $2,051,000
- Cap Rate:
- 5.85%
- NOI:
- $120,000
- Rentable SQFT:
- 3,130 SF
- Year Built:
- 2024
- Lot Size:
- 0.972 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Lease with 10% Increases Every 5 Years
- High-Performing Store with Above Average Sales, Low Rent-to-Sales Ratio at 5.8%
- Strong Personal Guaranty from High-Net-Worth Operator
- Experienced Franchisee of Popeyes, Checkers, and BP, 70+ Locations and Growing
- Popeyes is the 2nd Largest Chicken Chain in the U.S.
- Brand New Construction with Double Drive-Thru, Modern Prototype Design
- Serving Over 185,000 Residents in Rapidly Growing Trade Area
- Average Household Income Exceeds $130,000 in 3 Miles and $141,000 in 5 Miles
- Across from West Towne Super-Regional Mall and Open-Air Centers, 10+ Million Annual Shoppers Collectively
- Outparcel to Ross and Burlington, Surrounded by High-Performing National Retailers
- 1-Mile to Internationally Recognized University Research Park, Home to 4,100+ Employees
- 5 Miles to the University of Wisconsin-Madison with 51,800+ Students and 21,000+ Employees
- Excellent Visibility and Multiple Points of Access, Just Off Highway 12/14 with 87,300+ Cars/Day
- Strong Daytime Population, More Than 92,700+ Employees in Primary Trade Area
- Close Proximity to Several K-12 Schools with 15,000+ Students
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