Popeyes | 1517 NC-24
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Popeyes 1517 NC-24
1,990 SF Retail Building Cameron, NC 28326 $2,714,000 ($1,364/SF) 6% Cap Rate
Investment Highlights
- Attractive Lease Fundamentals
- Name Brand Tenant
- Nearby To Major Economic Driver - Fort Liberty
Executive Summary
Attractive Lease Fundamentals
- New 15 year Abs. NNN lease
- 8% rent increases every 5 years
- No Landlord Responsibilities
Name Brand Tenant
- Popeyes is the second largest “quick-service chicken restaurant group”
- Over 4,100+ locations in 40 states and 30 countries worldwide
- In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022
Nearby to Major Economic Driver - Fort Liberty
- Approximately 12 miles to Fort Liberty, a 251 square mile military base
- The largest military base in the entire world with over 52K military personnel
- Fort Liberty has an economic impact of $8.1 billion to the local economy
Positioned on a Retail Corridor
- Over 212KSF of retail space is located in a 1-mile radius
- Nearby National Retailers include: Food Lion, McDonald’s, Bojangles, Wendy’s, Dunkin, and Valvoline
Highly Visible and Surrounded by Hundreds of New Homes
- Fronting NC Hwy 24-87 (41K VPD)
- Over a 7.0% annual population growth over the past 13 years in a 1-mile radius
- Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth)
New Construction
- Popeyes is constructing the new building to their newest prototype
- New 15 year Abs. NNN lease
- 8% rent increases every 5 years
- No Landlord Responsibilities
Name Brand Tenant
- Popeyes is the second largest “quick-service chicken restaurant group”
- Over 4,100+ locations in 40 states and 30 countries worldwide
- In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022
Nearby to Major Economic Driver - Fort Liberty
- Approximately 12 miles to Fort Liberty, a 251 square mile military base
- The largest military base in the entire world with over 52K military personnel
- Fort Liberty has an economic impact of $8.1 billion to the local economy
Positioned on a Retail Corridor
- Over 212KSF of retail space is located in a 1-mile radius
- Nearby National Retailers include: Food Lion, McDonald’s, Bojangles, Wendy’s, Dunkin, and Valvoline
Highly Visible and Surrounded by Hundreds of New Homes
- Fronting NC Hwy 24-87 (41K VPD)
- Over a 7.0% annual population growth over the past 13 years in a 1-mile radius
- Total number of homes in a one mile radius has nearly doubled in last 13 years (7.3% annual growth)
New Construction
- Popeyes is constructing the new building to their newest prototype
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,990 SF
Year Built
2024
Price
$2,714,000
Price Per SF
$1,364
Cap Rate
6%
NOI
$162,864
Tenancy
Single
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 019594 0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $472,290 |
PROPERTY TAXES
Parcel Number
019594 0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$472,290
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David Hoppe -
Ben Olmstead -
Atlantic Capital Partners
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Popeyes | 1517 NC-24
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