Popeyes Drive-Through
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For Sale
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2515 South Horner Boulevard, Sanford, NC 27332
Freestanding 2021 construction with a NNN lease and multiple renewal options.
Property Size2,178 SF
Lot Size0.53 Acres
Price / SF$1,095
Days on Market7
Property Features for 2515 South Horner Boulevard
General Information
Standard status
Active
Size
2,178 SF
Lot size
0.53 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$145,324
Site & Location
Drive-Thru
Yes
Traffic Count
22,731 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.09%
Building Details
Year Built
2021
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Jason Fefer · License #CA 02100489
Source:
Crexi
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 3 at 6:24AM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This freestanding Popeyes Louisiana Kitchen occupies approximately 2,178 square feet on roughly 0.53 acres. Constructed in 2021, the property operates as a drive-through restaurant under a NNN lease with three five-year renewal options. The site is operated by a multi-unit Popeyes franchisee and includes scheduled 3% rent increases every three years. The investment is reported at a 6.09% cap rate.
The restaurant fronts South Horner Boulevard, also designated NC-87, with access to US Highway 421 and US Highway 1. South Horner Boulevard carries approximately 22,731 VPD, while US Highway 421 carries approximately 28,767 VPD. Nearby retailers include Golden Corral, Waffle House, Ollie’s, Burger King, Walgreens, and Planet Fitness. Central Carolina Community College, Lee County High School, and Central Carolina Hospital are also identified as nearby demand generators.
The restaurant fronts South Horner Boulevard, also designated NC-87, with access to US Highway 421 and US Highway 1. South Horner Boulevard carries approximately 22,731 VPD, while US Highway 421 carries approximately 28,767 VPD. Nearby retailers include Golden Corral, Waffle House, Ollie’s, Burger King, Walgreens, and Planet Fitness. Central Carolina Community College, Lee County High School, and Central Carolina Hospital are also identified as nearby demand generators.
Key Highlights
- ±2,178‑square‑foot drive‑through restaurant built in 2021
- NNN lease with three (3) five‑year renewal options
- 6.09% cap rate with scheduled 3% rent increases every three years
Property Analytics
Current Use
Lease Details
22,731 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 27332, NC
36,020
Population
13,895
Households
2.6
Avg Household Size
38
Median Age
23%
College-Educated
87%
High-School Grad
107.1 sq mi
ZIP Area
336
Density / Sq Mi
$73,075
Median Household Income
$38,310
Median Earnings
$1,086
Median Rent
$224,000
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?
Drive through restaurant - Freestanding 2021 construction with a NNN lease and multiple renewal options.
Where is this drive through restaurant located?
The property is located at 2515 South Horner Boulevard Sanford, NC.
What is the asking price?
The asking price for this property is $2,385,180.
What are key features of this property?
This property features: ±2,178‑square‑foot drive‑through restaurant built in 2021; NNN lease with three (3) five‑year renewal options; 6.09% cap rate with scheduled 3% rent increases every three years
