1512 North Arendell Avenue
Zebulon (Raleigh), NC 27597
Popeyes
| Offering Summary | |||
|---|---|---|---|
| Price | $2,750,000 | Cap Rate | 6.00% |
| NOI | $165,000.00 | Rentable SF | 2,141 SF |
| Lot Size | 1.32 Acres | Year Built | 2023 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment Highlights
- Brand New 2023 Construction (New Prototype Location)
- 20-Year Absolute NNN Lease (Zero Landlord Responsibilities)
- 10% Rent Increases Every 5-Years in Primary Term & Options
- Excellent Access & Visibility Right Off Interstate-264 and N Arendell
Ave with Combined Traffic Counts Exceeding 96,000 Vehicles Per Day - Average Household Income Exceeds $93,000 (5-Mile Radius)
- 9.0% Expected Population Growth Over the Next 5-Years
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com
Greg LaBarre
Vice President
(619) 997-1242
glabarre@wertzrealestate.com