Popeyes for Sale in Clinton, NC
Clinton, NC
Key Investment Metrics
Price
$1,602,510
Cap Rate
5.5%
Net Operating Income
$88,694
Building Size
2140 SF
Land Area
0.77 Acres
Remaining Term
6.6 years
Lease Expiration
02/28/2033
Lease Term
10.1 years
Lease Commencement
02/10/2023
Lease Type
NNN
Year Built
2022
Occupancy
100%
Tenancy
Single
Rent Increases
3%/3-Years
Property overview
Popeyes in Clinton
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,140 SF
- Land area
- 0.77 acres
- Year built
- 2022
- Lease type
- NNN
- Lease expiration
- 02/28/2033
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.