1207 Dabney Dr - Fast Food FOR SALE


Henderson, NC 27536
$2,608,695 USD
619-218-6427
1207 Dabney Dr, Henderson, NC for Sale
$2,608,695 USD
Fast Food - FOR SALE
1/4
null | 5.75% Cap Rate

1207 Dabney Dr
Henderson, NC 27536


HIGHLIGHTS

  • 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
  • Established Historical Occupancy Since 2020 (Strong Store Sales)
  • Outparcel to Food Lion Grocery Anchored Shopping Center
  • Traffic Counts Exceed 29,000 Vehicles Per Day
  • Dense Retail Trade Area with Excellent Access & Visibility
  • Signalized Intersection, Hard Corner Location

OVERVIEW

The subject property is a newly constructed Popeyes drive-thru located in Henderson (Outside Raleigh), North Carolina. The brand new 20-year absolute NNN lease includes 10% rent increases in the primary term and throughout the (4) 5-year option periods. The property is strategically located at a signalized intersection at the entrance to a Food Lion grocery anchored shopping center. The site benefits from its excellent visibility and access along Dabney Drive, which boasts over 29,000 vehicles per day. National retailers in the immediate vicinity include Petco, Tractor Supply, ALDI, Lowe’s, Walgreens, Chick-Fil-A, Taco Bell, Starbucks, Wendy’s, Bojangles, McDonald’s, Walmart, Marshalls, GameStop, Dollar Tree, KFC, Food Lion, Harbor Freight, Planet Fitness and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$2,608,695 USD

PRICE/SF

$1,279 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | New 20-Yr Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,575 SF

ZONING

-

APN/PARCEL ID

0013 03056

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.