Popeyes for Sale in Lumberton, NC
Lumberton, NC
Key Investment Metrics
Price
$1,755,505
Cap Rate
5.5%
Net Operating Income
$97,492
Building Size
3397 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
Property overview
Popeyes in Lumberton
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,397 SF
- Land area
- 0.89 acres
- Year built
- 2019
- 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.