Popeyes NNN
For Sale
Contact for pricing
Pending
12 Patton Cove Rd, Swannanoa, NC 28778
Ground-leased restaurant with dual drive-through lanes and no stated landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 12 Patton Cove Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Additional Details
Cap Rate
5.64%
Listing Agency:
Jones Commercial Properties
(828) 697-7733
Listed By:
Gary Jones · License #NC, SC, GA, TX, TN, HI
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 7:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jones Commercial Properties
Investment Insights
Based on property information with market context.
This Popeyes NNN property operates under an original 15-year ground lease, with 14 years remaining and no landlord responsibility stated. The building features a newer design with double drive-through lanes, supporting the restaurant’s operating format.
The property is located at 12 Patton Cove Rd in Swannanoa, outside Asheville, NC. Nearby businesses identified in the listing include Harley Davidson Dealership, CVS, and Dunkin Doughnuts, with access from the Interstate 40 area.
The lease provides 10 percent increases every 5 years, and the stated blended cap rate is 5.64%.
The property is located at 12 Patton Cove Rd in Swannanoa, outside Asheville, NC. Nearby businesses identified in the listing include Harley Davidson Dealership, CVS, and Dunkin Doughnuts, with access from the Interstate 40 area.
The lease provides 10 percent increases every 5 years, and the stated blended cap rate is 5.64%.
Key Highlights
- Popeyes tenancy under an original 15‑year ground lease
- 14 years remaining on the triple NNN lease
- Double drive‑through lanes in a newer building design
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Papa John's Pizza
Dining
1,010 visits/mo
0.2 miles
Demographics for 28778, NC
10,328
Population
4,865
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
86%
High-School Grad
32.5 sq mi
ZIP Area
318
Density / Sq Mi
$72,717
Median Household Income
$36,218
Median Earnings
$1,004
Median Rent
$273,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Ground-leased restaurant with dual drive-through lanes and no stated landlord responsibilities.
Where is this nnn property located?
The property is located at 12 Patton Cove Rd Swannanoa, NC.
What are key features of this property?
This property features: Popeyes tenancy under an original 15‑year ground lease; 14 years remaining on the triple NNN lease; Double drive‑through lanes in a newer building design
