Brand New 2020 Construction Popeyes

327 E Caswell St Wadesboro, NC 28170

FOR SALE
Property Type:
Free Standing Building
Amount:
$2,223,333
Last Verified:
Aug 11, 2022

Highlights

  • Brand New 2020 Construction with Drive-Thru
  • Long term 20-year lease guaranteed by strong multi-unit operator
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Attractive 1.5% annual rent bumps provide a hedge against inflation
  • Popeyes US same-store sales up 29% in Q1 2020 (During COVID-19)
  • Strategic location on Wadesboro's main commercial corridor - joining national retailers like; Wendy's, Truist, Arby's, AutoZone, BP, Food Lion, and Tractor Supply Company
  • Excellent visibility and access to Hwy 74 - ingress and egress from both directions - enjoys traffic counts over 27,500 VPD on Hwy 74
  • The location has a built in customer base with an ideal mix of residential neighborhoods, retail activity and daytime employment within a 2-mile radius

Description

Brand New 2020 Construction Popeyes

Nestled in the unspoiled farmland on the edge of the Charlotte Metropolitan Area in Anson County, Wadesboro, NC is a small friendly town easily accessible from North and South Carolina. Nicknamed "The Heart of the Carolinas" Wadesboro is located on Highway 74 between Charlotte and East Coast beach destinations. Approximately 1 hour east of Charlotte, 2 hours north of Columbia, SC and 2.5 hours west of Wilmington, NC and Myrtle Beach, SC.

Building Size: 1930sq ft
Lot Size: 0 acres

Map of 327 E Caswell St, Wadesboro, NC, 28170

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.