Popeyes

1,990 SF | 100% Leased | Retail Building | Cameron, NC 28326 | $2,714,000 ($1,364/SF) | 6% Cap Rate

Asking Price $2,714,000

Property Type: Retail, Restaurant
Square Feet: 1,990 SF
Price / Square Foot: $1,364

Listing Contacts

David Hoppe

Verified Profile

Ben Olmstead

Verified Profile

Property Info

Property Overview

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

Property Details

Year Built: 2024
Stories: 1
Property Subtype: Freestanding, Storefront

Highlights

Attractive Lease Fundamentals
Nearby To Major Economic Driver - Fort Liberty
Name Brand Tenant

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