Popeyes NNN Property For Sale — Warsaw, IN · 1,958 SF
Warsaw, IN
Recently constructed in 2022, this Popeyes property features a 1,958-square-foot building situated on a 0.67-acre parcel along US-30 in Warsaw, Indiana. The asset is backed by an absolute NNN lease with approximately 19.9 years remaining on the primary term, featuring 10% rental increases every five years. The franchisee-guaranteed lease provides hands-off, passive cash flow with zero landlord responsibilities.
- Address: Warsaw, IN
- Asking price $2.60M
- 6.15% cap rate
- NOI $160,000
- 19.9 years remaining
- NNN lease
- Year built: 2022
- Building size: 1,958 SF
- Lot size: 0.67 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Popeyes property is in Warsaw, Indiana.
Asset type: QSR