Popeyes - Net Lease Property for Sale
Lumberton, NC
Key Investment Metrics
Price
$1,755,505
Cap Rate
5.5%
Net Operating Income
$97,492
Building Size
3397 SF
Lot Size
3,397 SF
Land Area
0.89 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
2019
Occupancy
100%
Tenancy
Single
Rent Increases
3%/3-Years
About This Popeyes Net Lease Property
This Popeyes NNN (triple net lease) property is located in Lumberton, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 3397 square feet of building space and was built in 2019.
With a cap rate of 5.5%, this Popeyes net lease property offers stable income potential. The asking price is $1,755,505, making it an attractive option for 1031 exchange investors seeking quality Popeyes commercial properties.
Why Invest in Popeyes NNN Properties?
- Stable Income: Popeyes net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Popeyes is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lumberton, NC Market Overview
Located in Lumberton, NC, this Popeyes property benefits from strong local demographics and market fundamentals. The Lumberton area offers excellent visibility and accessibility, making it an ideal location for Popeyes operations and a solid investment for net lease property buyers.