Brand New 2020 Construction Popeyes
327 E Caswell St
Wadesboro, NC 28170
FOR SALE
Property Type:
Free Standing BuildingAmount:
$2,223,333
Last Verified:
Aug 11, 2022Highlights
- 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