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Marcus & Millichap Arranges Sale of Popeyes Property
Marcus & Millichap closed the sale of a triple-net lease Popeyes, a 2,882-square-foot net-leased property located 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 percent list-to-close ratio.
First Vice President Adrian Mendoza and Senior Managing Directors Austin Weisenbeck and Sean Sharko, investment specialists, 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, this triple-net Popeyes has a favorable rent-to-sales ratio and ten years left on its term. Managed by a seasoned franchisee with over 20 years of experience, this 10-year triple-net leased Popeyes is situated at a high-traffic intersection within the Kansas City MSA with market visibility and easy accessibility.
