Marcus & Millichap recently facilitated the sale of a 2,882-square-foot net-leased Popeyes property in Raytown, Missouri. The asset was quickly sold within 29 days of being listed and closed in just 54 days with an impressive list-to-close ratio of 99.38 percent.
Adrian Mendoza, First Vice President, along with Austin Weisenbeck and Sean Sharko, Senior Managing Directors and investment specialists at Marcus & Millichap expertly marketed the property on behalf of the seller – a limited liability company. Regional Manager David Saverin also played a crucial role in closing this transaction as Broker of Record for Missouri.
The triple-net leased Popeyes is located at 7601 Raytown Road and boasts favorable rent-to-sales ratios with ten years remaining on its lease term. Managed by an experienced franchisee with over two decades in the industry, this high-traffic intersection within Kansas City’s MSA offers excellent market visibility and easy accessibility for customers.
