Corner Popeyes Triple
For Sale
Contact for pricing
21920 Pacific Hwy S, Des Moines, WA 98198
Popeyes restaurant on a corner lot offered with a 20-year absolute NNN lease in place upon close of escrow.
Property SizeContact for details
Days on Market120
Property Features for 21920 Pacific Hwy S
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 2:44AM
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 SURMOUNT
Investment Insights
Based on property information with market context.
This for-sale Popeyes restaurant features a 2,311-square-foot building on an estimated 1.12-acre corner site. The property is operated under a 20-year absolute triple net (NNN) lease that will commence upon close of escrow.
The lease is structured with an initial base rent of $196,311, with annual increases of 1.75% beginning in year six and continuing throughout the base term and into four (4) five-year tenant renewal option periods.
The asset is presented as a specialty NNN investment with a restaurant tenant in place under the stated lease terms.
The lease is structured with an initial base rent of $196,311, with annual increases of 1.75% beginning in year six and continuing throughout the base term and into four (4) five-year tenant renewal option periods.
The asset is presented as a specialty NNN investment with a restaurant tenant in place under the stated lease terms.
Key Highlights
- 2,311 SF Popeyes on a corner lot at 21920 Pacific Hwy, Des Moines, WA
- Estimated 1.12 acres of land
- Tenant is under a 20‑year absolute triple net (NNN) lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 98198, WA
38,727
Population
15,267
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,029
Density / Sq Mi
$83,938
Median Household Income
$48,776
Median Earnings
$1,770
Median Rent
$527,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Popeyes restaurant on a corner lot offered with a 20-year absolute NNN lease in place upon close of escrow.
Where is this nnn property located?
The property is located at 21920 Pacific Hwy S Des Moines, WA.
What are key features of this property?
This property features: 2,311 SF Popeyes on a corner lot at 21920 Pacific Hwy, Des Moines, WA; Estimated 1.12 acres of land; Tenant is under a 20‑year absolute triple net (NNN) lease
