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.