The subject property is a newly constructed Popeyes drive-thru located in Wilson (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 Walmart Supercenter. The site benefits from its excellent access at the signalized intersection of Raleigh Road and Forest Hills Road, which boasts over 60,000 vehicles per day.
National retailers in the immediate vicinity include McDonald’s, Hobby Lobby, Starbucks, AT&T, Aspen Dental, Planet Fitness, Best Buy, PetSmart, Five Below, Ross, Belk, Burger King, Scooter’s, Marshalls, CVS Pharmacy, Olive Garden, Firestone, Panera Bread, Target, AutoZone, Verizon, Wendy’s, Chili’s, Wells Fargo, Lowe’s, Valvoline, Discount Tire, Chick-Fil-A, Sonic, Hardee’s, Arby’s, Goodwill, O’Reilly Auto, Dollar General, Tractor Supply Company, Walmart, Staples, Jersey Mikes, ALDI, Chipotle and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.