2491 Sugar Hill RdMarion, NC 28752

Property Details for 2491 Sugar Hill Rd

Year built

2023

Lot size

0.67 AC

Property size (Sq ft)

2,355 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,355-square-foot Popeyes restaurant in Marion, North Carolina, built in 2023. Located on a hard corner lot at the intersection of Sugar Hill Road and Mill Road, this property benefits from high visibility and traffic counts (17,000 vehicles per day) and proximity to I-40 (0.5 miles, 32,000 VPD). The property is situated on a 0.67-acre lot with 26 parking spaces and features a single-story building with a permitted commercial zoning. The absolute NNN lease with a corporate guarantee provides zero landlord responsibilities, and the tenant, an experienced franchisee with a significant portfolio, ensures consistent income. The lease has a remaining term of approximately 13.4 years, expiring March 30, 2038, with 10% rent bumps every five years. The property boasts a 6.25% cap rate and a strong net operating income (NOI) of $132,500. The location is further enhanced by its proximity to Mission Hospital McDowell (3 minutes), McDowell Technical Community College (10 minutes), and several high schools and middle schools, as well as numerous other national retailers including Walmart, Ingles, McDonald's, and Starbucks. The recent announcement of a large-scale manufacturing plant in Marion promises significant future economic growth in the area. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with substantial long-term potential.

Location Insight

City

Marion

County

McDowell

State

North Carolina

Latitude

35.6525

Longitude

-82.0308

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