7120 Knightdale Blvd
Knightdale (Raleigh), NC 27545
Popeyes
| Offering Summary | |||
|---|---|---|---|
| Price | $3,214,285 | Cap Rate | 5.60% |
| NOI | $180,000.00 | Rentable SF | 3,075 SF |
| Lot Size | 37,897 +/- SF | Year Built | 2016 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment Highlights
- 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
- Historical Occupancy Since 2016 (Strong Store Sales)
- Outparcel to Walmart Supercenter
- Traffic Counts Exceed 42,000 Vehicles Per Day on Raleigh Road
- Average Household Income Exceeds $106,000 (5-Mile Radius)
- Dense Trade Area with Over 93,000 Residents in 5-Miles and 9.0%
Expected Population Growth Over the Next 5-Years
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