Popeyes Sale Leaseback — Sale in Willimantic, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Willimantic, CT 06226

Investment Figures

Cap rate
6.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Positioned on a high-visibility corridor adjacent to a BJ’s Wholesale Club receiving over 872,000 annual visitors. Built in 2022, the 2,300 SF building sits on approximately 0.7 acres and features a drive-thru configuration with 21 parking spaces. Positioned on a high-visibility corridor. Investment Highlights: • Popeyes is executing a new 15-year absolute NNN lease with two (2), five-year renewal options, offering long-term passive income. • The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio. • NNN Ground Lease, the tenant is responsible for all operating expenses including taxes, insurance, CAM, and maintenance. Simple fee ownership structure provides investors with tax depreciation benefit

Market Context

This retail in Willimantic, CT is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Willimantic, CT — view the full market.

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