9523 Forest Drive
Charlotte, NC 28216

Popeyes

Offering Summary
Price $3,058,823 Cap Rate 4.25%
NOI $130,000 Square Feet 2,400 SF
Lot Size 1.72 Acres Year Built 2022
Lease Type Absolute NNN Lease Term 20 Years

Investment Highlights

  • Brand New 2022 Construction (New Prototype Location)
  • 20-Year Absolute NNN Lease with 1.5% Annual Rent Increases
  • Traffic Counts Exceed 35,000 VPD at W W.T.Harris Boulevard & Mt
    Holly-Huntersville Road and Over 85,000 VPD on the I-485 Loop
  • 130,000 Residents within 5-Miles of Subject Property
  • Average Household Income Exceeds $95,000
  • 8.0% 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

Michael Mulvihill
Senior Associate
(858) 442-7298
mmulvihill@wertzrealestate.com