1702 Raleigh Road Pky W - Fast Food FOR SALE


Wilson, NC 27896
$2,869,565 USD
619-218-6427
1702 Raleigh Road Pky W, Wilson, NC for Sale
$2,869,565 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

1702 Raleigh Road Pky W
Wilson, NC 27896


HIGHLIGHTS

  • 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
  • Historical Occupancy Since 2022 (Above Average Store Sales)
  • Located Across from Entrance to Walmart Supercenter
  • Traffic Counts Exceed 32,000 Vehicles Per Day on Raleigh Road
  • Dense Retail Trade Area with Excellent Access & Visibility
  • Located between Two Signalized Intersections with Traffic Counts Exceeding 60,000 Vehicles Per Day

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,869,565 USD

PRICE/SF

$683 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

3712-14-5676.000

ASK ABOUT THIS PROPERTY

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

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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.