Freestanding Drive-Thru
For Sale
$1,650,000
3301 Fayetteville Rd, Lumberton, NC 28358
Freestanding drive-thru restaurant built in 2019 on a NNN lease with renewal options, positioned on Fayetteville Road.
Property Size3,397 SF
Lot Size0.89 Acres
Price / SF$485.72
Days on Market94
Property Features for 3301 Fayetteville Rd
General Information
Standard status
Active
Size
3,397 SF
Lot size
0.89 Acres
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$97,492
Site & Location
Drive-Thru
Yes
Traffic Count
26,967 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
5.55%
Amenities
3% Rental Increases Every 3 Years
Three (3) Five-Year Renewal Options (Up to 15 Additional Years)
Franchisee Guaranteed Lease | Operated by Multi-Unit Popeyes Franchisee
Fayetteville MSA | 396,220 Population | $91,407 Avg. Household Income
Fayetteville Road at ±26,967 VPD | I-95 Interchange at ±59,627 VPD
Surrounded by National Retailers Within Lumberton's Primary Commercial Corridor
UNC Health Southeastern (450+ Beds) | Robeson Community College (~6,300+ Students)
Building Details
Building Size
3,397 SF
Year Built
2019
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 28 at 4:55AM
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
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Investment Insights
Based on property information with market context.
Freestanding Popeyes Louisiana Kitchen drive-thru restaurant totaling 3,397 SF, built in 2019, set on 10.89 acres. The property is secured by a NNN lease and includes three five-year renewal options. Scheduled 3% rental increases occur every three years as part of the lease structure.
The restaurant is located along Fayetteville Road (US-301) on Lumberton’s primary commercial corridor, with direct access to Interstate 95. Fayetteville Road is reported at 26,967 VPD, I-95 at 159,627 VPD, and North Roberts Avenue at 28,673 VPD.
The investment is operated by a multi-unit Popeyes franchisee. Reported annual base rent supports a 5.55% cap rate, and the trade area is supported by UNC Health Southeastern (450+ beds), Robeson Community College (~6,300+ students annually), and Lumberton High School (1,950 students).
The restaurant is located along Fayetteville Road (US-301) on Lumberton’s primary commercial corridor, with direct access to Interstate 95. Fayetteville Road is reported at 26,967 VPD, I-95 at 159,627 VPD, and North Roberts Avenue at 28,673 VPD.
The investment is operated by a multi-unit Popeyes franchisee. Reported annual base rent supports a 5.55% cap rate, and the trade area is supported by UNC Health Southeastern (450+ beds), Robeson Community College (~6,300+ students annually), and Lumberton High School (1,950 students).
Key Highlights
- 3,397 SF freestanding Popeyes Louisiana Kitchen drive‑thru built in 2019
- 10.89 acres with NNN lease and three five‑year renewal options
- 5.55% cap rate with scheduled 3% rental increases every three years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,601
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,020
$1.1M
Cap Rate 7%
$765,729
$765.7K
Cap Rate 9%
$595,567
$595.6K
Market Conditions
NOI Build-Up for 3,397 SF
Gross rent
$73.4K $21.60/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$71.5K $21.04/SF
− OpEx
−$17.9K −$5.26/SF
NOI
$53.6K $15.78/SF
Area
Robeson County, NC
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,072,020
Cap Rate 7%
$765,729
Cap Rate 9%
$595,567
Alternative Uses
Best Use
Specialty Retail
$765.7K
$670.0K – $893.4K
NOI $53,601 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$936.4K
$819.4K – $1.09M
NOI $65,549 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
26,967 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
245k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 13%
Apparel 12%
Groceries 8%
Chick-fil-A
Dining
32,760 visits/mo
0.4 miles
Belk
Apparel
25,888 visits/mo
0.5 miles
SONIC Drive In
Dining
19,870 visits/mo
0.3 miles
Aldi
Groceries
19,101 visits/mo
0.2 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
18,854 visits/mo
0.3 miles
Demographics for 28358, NC
32,865
Population
14,838
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
82%
High-School Grad
196.6 sq mi
ZIP Area
167
Density / Sq Mi
$46,756
Median Household Income
$34,031
Median Earnings
$837
Median Rent
$106,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding drive-thru restaurant built in 2019 on a NNN lease with renewal options, positioned on Fayetteville Road.
Where is this drive through restaurant located?
The property is located at 3301 Fayetteville Rd Lumberton, NC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 3,397 SF freestanding Popeyes Louisiana Kitchen drive‑thru built in 2019; 10.89 acres with NNN lease and three five‑year renewal options; 5.55% cap rate with scheduled 3% rental increases every three years
