7120 Knightdale BlvdKnightdale, NC 27545

This exceptional investment opportunity presents a fee-simple ownership of a Popeyes restaurant located at 7120 Knightdale Blvd, Knightdale, NC 27545. The property boasts a 3,075 square foot building on a 37,897 square foot lot, constructed in 2016. A 20-year absolute NNN lease with Popeyes is in place, expiring October 31, 2044, ensuring long-term stability and minimal landlord responsibilities. The lease includes four 5-year renewal options, each with a 10% rent increase. The current annual net operating income (NOI) is $180,000, representing a 5.60% cap rate on the asking price of $3,214,285. The property enjoys a prime location directly across from a Walmart Supercenter on Knightdale Blvd, a high-traffic area with over 42,000 vehicles passing daily. The surrounding area is densely populated, with over 93,000 residents within a 5-mile radius and projected 9% population growth in the next five years. Numerous national retailers are located nearby, including but not limited to: Walmart, Target, Home Depot, Lowe's, and many more, creating a robust and thriving commercial environment. This is a rare chance to acquire a Class A, 100% occupied, net lease property with significant upside potential and minimal management requirements. The property's strong tenant, prime location, and favorable lease terms make it an ideal addition to any diversified investment portfolio.