Listing Agency: SURMOUNT g***@nnnpro.com Show Phone

Listed By: Glen Kunofsky · License #NY 49KU1129178

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Aug 9 at 12:43PM

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Investment Insights

Based on property information with market context.

This Popeyes restaurant property includes 2,333 square feet of building space on an estimated 0.91-acre site. The tenant is subject to a 20-year absolute triple net (NNN) lease that commenced on 9/30/2021.

The base rent is $178,945 and increases by 1.75% annually starting in year six and continuing throughout the base term and into each of the four (4), five (5)-year tenant renewal option periods.

The offering is presented as an exclusive Marcus & Millichap listing and is located at 22002 Meridian Ave E in Graham, WA 98338.

Key Highlights

• Popeyes for sale at 22002 Meridian Ave East in Graham, WA
• 2,333 SF building on an estimated 0.91‑acre lot
• 20‑year absolute triple net (NNN) lease in place with tenant

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Law Firm Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

430

Businesses Nearby

Explore this area Business Placement

Demographics for 98338, WA

30,147

Population

11,336

Households

2.7

Avg Household Size

39

Median Age

19%

College-Educated

92%

High-School Grad

53.9 sq mi

ZIP Area

559

Density / Sq Mi

$112,788

Median Household Income

$55,190

Median Earnings

$1,889

Median Rent

$471,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - Popeyes property offered for sale with a 20-year absolute triple net lease in place.

Where is this nnn property located?

The property is located at 22002 Meridian Ave E Graham, WA.

What are key features of this property?

This property features: Popeyes for sale at 22002 Meridian Ave East in Graham, WA; 2,333 SF building on an estimated 0.91‑acre lot; 20‑year absolute triple net (NNN) lease in place with tenant