Popeyes | New 20-Year Absolute NNN Lease | 1702 Raleigh Road Pky W
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Popeyes | New 20-Year Absolute NNN Lease 1702 Raleigh Road Pky W
4,200 SF Retail Building Wilson, NC 27896 £2,245,291 (£535/SF) 5.75% Net Initial Yield
Investment Highlights
- 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
- Located Across from Entrance to Walmart Supercenter
- Dense Retail Trade Area with Excellent Access & Visibility
- Historical Occupancy Since 2022 (Above Average Store Sales)
- Traffic Counts Exceed 32,000 Vehicles Per Day on Raleigh Road
- Located between Two Signalized Intersections with Traffic Counts Exceeding 60,000 Vehicles Per Day
Executive Summary
The subject property is a newly constructed Popeyes drive-thru located in Wilson (Outside Raleigh), North Carolina. The brand new 20-year absolute NNN lease includes 10% rent increases in the primary term and throughout the (4) 5-year option periods. The property is strategically located at a signalized intersection at the entrance to a Walmart Supercenter. The site benefits from its excellent access at the signalized intersection of Raleigh Road and Forest Hills Road, which boasts over 60,000 vehicles per day.
National retailers in the immediate vicinity include McDonald’s, Hobby Lobby, Starbucks, AT&T, Aspen Dental, Planet Fitness, Best Buy, PetSmart, Five Below, Ross, Belk, Burger King, Scooter’s, Marshalls, CVS Pharmacy, Olive Garden, Firestone, Panera Bread, Target, AutoZone, Verizon, Wendy’s, Chili’s, Wells Fargo, Lowe’s, Valvoline, Discount Tire, Chick-Fil-A, Sonic, Hardee’s, Arby’s, Goodwill, O’Reilly Auto, Dollar General, Tractor Supply Company, Walmart, Staples, Jersey Mikes, ALDI, Chipotle and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.
National retailers in the immediate vicinity include McDonald’s, Hobby Lobby, Starbucks, AT&T, Aspen Dental, Planet Fitness, Best Buy, PetSmart, Five Below, Ross, Belk, Burger King, Scooter’s, Marshalls, CVS Pharmacy, Olive Garden, Firestone, Panera Bread, Target, AutoZone, Verizon, Wendy’s, Chili’s, Wells Fargo, Lowe’s, Valvoline, Discount Tire, Chick-Fil-A, Sonic, Hardee’s, Arby’s, Goodwill, O’Reilly Auto, Dollar General, Tractor Supply Company, Walmart, Staples, Jersey Mikes, ALDI, Chipotle and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
B
Year Built
2022
Price
£2,245,291
Price Per SF
£535
Net Initial Yield
5.75%
NOI
£129,104
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.88 AC
Parking
25 Spaces (5.95 Spaces per 1,000 SF Leased)
Frontage
72 ft on U.S. 264 Alternate
Amenities
- Drive Thru
- Wheelchair Accessible
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 3712-14-5676.000 | Improvements Assessment | £224,032 |
| Land Assessment | £314,933 | Total Assessment | £538,965 |
PROPERTY TAXES
Parcel Number
3712-14-5676.000
Land Assessment
£314,933
Improvements Assessment
£224,032
Total Assessment
£538,965
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Popeyes | New 20-Year Absolute NNN Lease | 1702 Raleigh Road Pky W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.