Popeyes Louisiana Kitchen NNN Property For Sale — Charlotte, NC
9523 Forest Drive, Charlotte, NC 28216
This newly constructed Popeyes drive-thru in Charlotte, North Carolina, offers an exceptional investment opportunity. The property features a brand new 20-year absolute NNN lease, providing stable income with 1.5% annual rent increases throughout the initial term and four 5-year option periods. Strategically positioned directly in front of a Food Lion-anchored shopping center, the site benefits from excellent accessibility off the I-485 loop (85,000 VPD) and at the junction of W.T. Harris Boulevard and Mt Holly-Huntersville Road (35,000 VPD). Popeyes, a leading global quick-service restaurant chain, is part of Restaurant Brands International (RBI), which boasts over 24,000 restaurants worldwide. The franchisee, Leblon Franchising Holdings, brings over 65 years of combined experience in fo…
- Address: 9523 Forest Drive, Charlotte, NC 28216
- Asking price $3.06M
- 4.25% cap rate
- NOI $130,000
- 15.4 years remaining
- NNN lease
- Year built: 2022
- Building size: 2,400 SF
- Lot size: 1.72 acres
- Lease expiration: Feb 14, 2042
- 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 Louisiana Kitchen property is at 9523 Forest Drive in Charlotte, North Carolina.
Asset type: Quick Service Restaurant