Popeyes NNN Investment
1702 Raleigh Road Pky W, Wilson, NC 27896
4,200 SF Retail Building in Wilson, NC 27896
Property size:
4,200 SFLot size:
0.88 AcresPrice / SF:
$683/SF- Added:
- Jan 22, 2025
- Days on Market:
- 485
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1702 Raleigh Road Pky W
General Information
- Standard status
- Active
- Property type
- Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
- Size
- 4,200 SF
- Net Rentable
- 4,200 SF
- Total Parking Spaces
- 25
- Elevators
- N/A
- Lot size
- 0.88 Acres
- Net Operating Income
- $165,000
Building Details
- Buildings
- 1
- Stories
- 1
Listing agent John (619) 218-6427
Listing office Wertz Real Estate Investment Services (619) 218-6427
Listing date Jan 22, 2025
HighLights
- 20‑Year Absolute NNN Lease w/ 10% Increases Every 5‑Years
- Historical Occupancy Since 2022 (Above Average Store Sales)
- Located Across from Entrance to Walmart Supercenter
- Traffic Counts Exceed 32,000 Vehicles Per Day on Raleigh Road
- Dense Retail Trade Area with Excellent Access & Visibility
- Located between Two Signalized Intersections with Traffic Counts
- Exceeding 60,000 Vehicles Per Day
Overview
This is an investment opportunity featuring a newly constructed 4,200 square foot Popeyes restaurant on a 0.88-acre lot in Wilson, North Carolina. The property has a brand new 20-year absolute NNN lease with 10% rent increases every five years throughout the four 5-year option periods. The location is strategically positioned at a signalized intersection, offering excellent visibility and access. It benefits from its proximity to a Walmart Supercenter, which draws significant traffic. The site experiences high daily traffic counts exceeding 60,000 vehicles per day on Raleigh Road and Forest Hills Road. The property is surrounded by a dense concentration of national retailers, including McDonald's, Hobby Lobby, and Starbucks. The net operating income is $165,000. This location offers investors a stable, long-term investment with zero landlord responsibilities. 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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Location Insight
- Map
- Local Demand
- City
- Wilson
- County
- Wilson
- State
- North Carolina
- Longitude
- -77.9469
- Latitude
- 35.7671
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 4,200 SF Retail Building in Wilson, NC 27896
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: 20‑Year Absolute NNN Lease w/ 10% Increases Every 5‑Years; Historical Occupancy Since 2022 (Above Average Store Sales); Located Across from Entrance to Walmart Supercenter
