INVESTMENT HIGHLIGHTS
• | Tenant recently signed a brand new 20-yr absolute NNN lease with 4 (5-yr) options |
• | 10% rental increases every five years and at the beginning of each option |
• | Signed by Liberty Restaurant Holdings, a strong Popeyes franchisee that owns 27 Popeyes, 6 Burger King’s, and 5 Arby’s |
• | Asset recently underwent a full remodel that includes high quality materials, distinct Popeyes design elements, and state-of-the art QSR features |
• | Site is fronting Westport Avenue/US Highway 1 (24,500 VPD) |
• | 2 miles North of Interstate 95/Connecticut Turnpike (111,500 VPD) |
• | More than 135,000 residents (AHHI $190,000) and 95,000 employees in the 5-mile trade area |
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