Popeyes

11756 US-70 BUS, Clayton, NC 27520

$2,517,000

Cap Rate 6.00%

Views: 173 DOM: 228 Updated: 11.25.24 Posted: 04.11.24 Status: Sold 11.25.24

Summary

Price $2,517,000	Built/Renov 2024	Tenant Popeyes
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,360	Lease Start 08-01-2024	#Units 15
Price/SF $1,066.53	Expiration 07-31-2039	Tenant Type Fast Food/QSR
NOI $151,000	R. Term 14.8	Ownership Fee Simple
Rent/SF $63.98	Increases 10.0%/5/yrs	Pop 5Mi 55,688
Lot/AC 0.94	Options 3/5yrs/10%	AHHI 5Mi $95,878

David Hoppe

Atlantic Capital Partners

Contact

Lease Highlights

Brand-new 2024 construction
Popeyes will be executing a brand-new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Polo Restaurant Group (15 units backed)

Location Description

Popeyes is strategically located on US 70 BUS W, offering excellent visibility with access to 40,500 vehicles passing by daily. The property benefits from direct access to Cameron Crossing, a 200-unit townhome community, and is located less than a quarter mile from Stalling Mills, a 288-unit apartment complex. The immediate area is home to well-known national tenants, such as Lowes Foods,...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent suburb location
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

Popeyes Wikipedia Popeyes Wikipedia Clayton, North Carolina Zip Code 27520 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Popeyes
Guarantor:Franchisee
Company:Polo Restaurant Group
# Units:15
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Popeyes Louisiana Kitchen, Inc., also known as Popeyes, is an American multinational chain of fried chicken fast food restaurants founded in 1972 in New Orleans, LA. Popeyes distinguishes itself...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	6,807	33,934	63,054
2023 Total Population :	6,518	28,718	55,688
2023 Employed Civilian Pop :	3,545	14,662	28,845
2023 Total Businesses :	391	1,039	1,591
2023 Average Household Income :	$ 79,303	$ 85,980	$ 95,878
2023 Total Consumer Spending :	$ 194 M	$ 839 M	$ 1733 M
2023 Median Age :	40	39	38
2023 Total Households :	2,835	11,298	21,008
2023 Pop Age 25+: Bachelor's Degree :	697	3,187	7,423
2023 Average Home Value :	$ 243,978	$ 283,291	$ 302,699

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Shotwell Road	Amelia Church Rd	2022	12,340	0.12 mi
Shotwell Road	Cameron Way	2022	14,034	0.21 mi
Shotwell Rd	Hwy 70 Bus	2009	7,800	0.24 mi
Shotwell Rd	Cameron Way	2008	9,300	0.25 mi
US 70 Business East	Fernwood Dr	2022	38,558	0.40 mi
US 70 Business East	S Moore St	2022	40,669	0.45 mi
Amelia Church Road	Kenmore Dr	2022	7,488	0.56 mi
South Robertson Street	W Horne St	2022	5,272	0.74 mi
Old US Highway 70 West	Shotwell Rd	2022	6,470	0.79 mi
West Main Street	S Robertson St	2022	9,948	0.83 mi

Listing Broker

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