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1702 Raleigh Road Pky W Wilson, NC 27896

Sponsored
For Sale
$2,869,565

Wilson, NC Retail Property - Strong ROI

Property size:
4,200 SF

Description

Added:
Jan 22, 2025
Days on Market:
351
This exceptional investment opportunity presents a newly constructed 4,200 square foot Popeyes restaurant situated on a 0.88-acre lot in Wilson, North Carolina, at 1702 Raleigh Road Pky W, zip code 27896. The property boasts a brand new 20-year absolute NNN lease with attractive terms, including a 10% rent increase every five years throughout the four 5-year option periods. Strategically located at a signalized intersection providing excellent visibility and access, this location benefits from its proximity to a Walmart Supercenter, drawing significant traffic. The site enjoys high daily traffic counts exceeding 60,000 vehicles per day on Raleigh Road and Forest Hills Road. This prime location is surrounded by a dense concentration of national retailers, including McDonald's, Hobby Lobby, Starbucks, and many more, ensuring high foot traffic and brand recognition. The property offers investors a stable, long-term investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The net operating income is $165,000, and the asking price is $2,869,565. This is a rare opportunity to acquire a high-performing, passively managed asset in a thriving retail corridor. The property's strong tenant, favorable lease terms, and prime location combine to create a compelling investment proposition with significant potential for long-term appreciation.

Property Features for 1702 Raleigh Road Pky W

General Information

Property type
Restaurants
Square Feet
4,200 SF
Price / Square Foot
$683
Total Parking Spaces
25
Elevators
N/A
Net Rentable
4,200 SF
Lot Size
38,333 SF
Net Operating Income
$165,000

Building Details

Buildings
1
Stories
1

HighLights

  • New 20‑year absolute NNN Popeyes lease with 10% rent increases every 5 years.
  • Strategically located near a Walmart Supercenter in Wilson, NC, at a high‑traffic intersection.
  • 4,200 square foot building on a 0.88‑acre lot, generating $165,000 in net operating income.
Location Intelligence

Current Use by Public Records

Retail properties

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wilson
State
North Carolina
Longitude
-77.950159
Latitude
35.736586

FAQs

What type of property is this?
Restaurant - Wilson, NC Retail Property - Strong ROI
Where is this restaurant located?
The property is located at 1702 Raleigh Road Pky W Wilson, NC.
What is the asking price?
The asking price for this property is $2,869,565.
What are key features of this property?
This property features: New 20-year absolute NNN Popeyes lease with 10% rent increases every 5 years.; Strategically located near a Walmart Supercenter in Wilson, NC, at a high-traffic intersection.; 4,200 square foot building on a 0.88-acre lot, generating $165,000 in net operating income.
More about this property
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