POPEYES | $1,475,000 | 5.42% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Popeyes a single-tenant property located at 1211 North Broadway, Wichita, Kansas 67214.
The subject property is comprised of 2,518 square feet, built-in 1986 and remodeled in 2014. The building sits on a 31,363 SF lot situated on North Broadway Street which oversees 17,011 vehicles per day. Popeyes will sign a 1 year lease at the close of escrow.
JHAH Property Holdings has been in the restaurant industry for over 45 years and currently operates brands in five different states: Louisiana, Mississippi, Kansas, Missouri, and Texas. JHAH Property Holdings currently operates 24 IHOP Units and are developing an additional 4 IHOP units which are scheduled to be open by the end of 2022 / beginning of 2023. Their IHOP brand should hit 50 units by 2027. In addition, JHAH Property Holdings currently operates 4 Popeyes Units and will have 9 units following this acquisition with plans to grow to 25 units by 2027.