Popeyes NNN
For Sale
$1,760,000
1221 1st St S, Willmar, MN 56201
Brand-new property offered with a long-term absolute NNN lease structure.
Property Size2,500 SF
Price / SF$704
Days on Market48
Property Features for 1221 1st St S
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Restaurant
Additional Details
Cap Rate
6.25%
Amenities
ESTABLISHED FRANCHISEE GUARANTEE • The lease is backed by AP Northeast Management LLC, a seasoned, multi-state and multi-unit restaurant operator with a significant quick-service portfolio.
INVESTMENT-GRADE TENANT – 2ND LARGEST CHICKEN CHAIN • Popeyes is a globally recognized quick-service restaurant brand operating under Restaurant Brands International (NYSE: QSR), which reported approx
TOP FRANCHISEE OPERATOR IN THE U.S. • The Parikh Network owns and operates over 125 Popeyes locations and more than 300 restaurant units across 13 states. Ranked in theFranchisee Times Monitor 200, t
Building Details
Building Size
2,500 SF
Listing Agency:
Marcus & Millichap - Philadelphia
Listed By:
Scott Woodard · License #License(s): PA: RS329242
(215) 531-7058
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Philadelphia
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,500-square-foot NNN property is associated with Popeyes and is being offered through a sale-leaseback arrangement. The offering includes a newly executed absolute NNN lease with a 15-year initial term.
The property is located at 1221 1st St S in Willmar, Minnesota. The lease provides two additional five-year renewal options, extending the potential contractual term beyond the initial period. The available information identifies the asset as a specialty NNN property connected to the Popeyes restaurant operation.
The property is located at 1221 1st St S in Willmar, Minnesota. The lease provides two additional five-year renewal options, extending the potential contractual term beyond the initial period. The available information identifies the asset as a specialty NNN property connected to the Popeyes restaurant operation.
Key Highlights
- 2,500‑square‑foot NNN property
- Popeyes sale‑leaseback arrangement
- 15‑year absolute NNN lease
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
177k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Apparel 15%
Groceries 13%
Shops & Services 11%
McDonald's
Dining
31,619 visits/mo
0.4 miles
Aldi
Groceries
23,630 visits/mo
0.5 miles
Kohl's
Apparel
17,737 visits/mo
0.4 miles
Taco John's
Dining
14,579 visits/mo
0.1 miles
Burger King
Dining
11,244 visits/mo
0.1 miles
Demographics for 56201, MN
24,575
Population
10,441
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
118.1 sq mi
ZIP Area
208
Density / Sq Mi
$68,054
Median Household Income
$35,589
Median Earnings
$832
Median Rent
$199,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
NNN property - Brand-new property offered with a long-term absolute NNN lease structure.
Where is this nnn property located?
The property is located at 1221 1st St S Willmar, MN.
What is the asking price?
The asking price for this property is $1,760,000.
What are key features of this property?
This property features: 2,500‑square‑foot NNN property; Popeyes sale‑leaseback arrangement; 15‑year absolute NNN lease
