POPEYES  |  $3,121,189  |  5.25% CAP

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The Deltondo Group and Marcus & Millichap are pleased to present for sale Popeyes a single-tenant property located at 4232 West Central Avenue, Wichita, Kansas 67212.

The subject property is comprised of 2,189 square feet, built-in 2006 and remodeled in 2014. The building sits on a 28,314 square foot lot situated on West Central Avenue which oversees 16,266 vehicles per day. Popeyes will sign a new 20 year lease at the close of escrow that includes 7.5% increases every 5 years with four, 5 year options to extend. A strong performing store, this location has operated for 16  years and currently performs above average unit volume for a Popeyes restaurant.


 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.

PRESENTED BY:

PETER DELTONDO
Founder, Deltondo Advisory Group
(949) 698-2609
pdeltondo@marcusmillichap.com

BROKER OF RECORD
Colby Haugness
License: 00241410