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Popeye's - Fitchburg, WI 2844 Fish Hatchery Rd 4,442 sq ft Retail Property Madison, WI 53713 £2,537,302 (£571.21/sq ft) 6.09% Net Initial Yield
Investment Highlights
- Lease expires December 2038, offering 12+ years of stable income.
- 1.5% Annual Rent Increases
- Minutes from Beltline Highway (US-12/18) and US-14, providing strong regional commuter traffic and access.
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Property Size
4,442 sq ft
Costar Property Class
C
Year Built
2014
Price
£2,537,302
Price per sq ft
£571.21
Yield
6.09%
NOI
£154,401
Tenancy
Single
Number of Floors
1
Plot ratio
0.07
Total Plot Size
1.52 ac
Opportunity Zone
Yes
Use Class
C - Commercial
Parking
58 Spaces (13.06 Spaces per 1,000 sq ft Leased)
Frontage
238 ft on Fish Hatchery Rd.
Amenities
- Bus Route
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 4,442 sq ft
- £34.26
- NNN
- Dec 2038
Popeyes Louisiana Kitchen began in 1972 when Al Copeland opened the first location in Arabi, Louisiana. The company grew from a single restaurant into an international franchise with thousands of locations worldwide. The menu features spicy fried chicken, biscuits, seafood, and signature Cajun sides. Popeyes became part of Restaurant Brands International in 2017 while maintaining its distinct brand identity. The chain continues expanding globally through franchising agreements.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 4,442 sq ft | £34.26 | NNN | Dec 2038 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0609-031-1881-6 | Improvements Assessment | £528,895 |
| Land Assessment | £809,059 | Total Assessment | £1,337,953 |
Property Taxes
Parcel Number
0609-031-1881-6
Land Assessment
£809,059
Improvements Assessment
£528,895
Total Assessment
£1,337,953
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Popeye's - Fitchburg, WI | 2844 Fish Hatchery Rd
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