Popeyes NNN Property For Sale — Charlotte, NC
11858 University City Blvd, Charlotte, NC 28213
This newly constructed Popeyes drive-thru offers a compelling net-lease investment opportunity in Charlotte, North Carolina. The property features a brand new 20-year absolute NNN lease with attractive 1.5% annual rent increases throughout the primary term and four 5-year option periods. Strategically positioned adjacent to the University of North Carolina at Charlotte (29,000 Students) and within a vibrant retail trade area, the location benefits from strong visibility and convenient access from Interstate-485 (88,000 VPD) on the highly trafficked University City Boulevard.
- Address: 11858 University City Blvd, Charlotte, NC 28213
- Asking price $2.48M
- 5.25% cap rate
- NOI $130,000
- 14.5 years remaining
- NNN lease
- Year built: 2021
- Building size: 2,400 SF
- Lot size: 1.10 acres
- Lease expiration: Feb 28, 2041
- Rent increases: Year 1: $130,000.00; Year 2: $131,950.00; Year 3: $133,929.25; Year 4: $135,938.19; …
- Guarantor: Corporate
Location
This Popeyes property is at 11858 University City Blvd in Charlotte, North Carolina.
Asset type: Quick Service Restaurant