Marcus & Millichap recently negotiated the sale of a triple-net lease Popeyes, a 2,882-square foot net-leased property in Raytown, Missouri.
The asset went under contract within 29 days of being marketed, followed by a quick closing in 54 days, and achieved an impressive 99.38% list-to-close ratio.
Adrian Mendoza, Frist Vice President, and Senior Managing Directors, Austin Weisenbeck, and Sean R. Sharko, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Regional Manager, David Saverin, Broker of Record of Missouri, assisted in closing this transaction.
Located at 7601 Raytown Road in Raytown, this triple-net Popeyes stands out with a favorable rent-to-sales ratio and 10 years left on its term. This 10-year triple-net leased Popeyes enjoys a prime spot at a signalized, hard-corner intersection within the Kansas City MSA, which enhances its market visibility and accessibility.
