Property summary
The property is a newly constructed 2,040-square-foot Popeyes restaurant building situated on a 0.66-acre lot in Henderson, North Carolina, at 1207 Dabney Dr (zoned for commercial retail use, consistent with its use in a shopping center). The building is part of a Food Lion-anchored shopping center and is located at a signalized intersection on Dabney Drive, which carries more than 29,000 vehicles per day. The site is within a dense retail trade area and is positioned near numerous national retailers, including Petco, Tractor Supply, ALDI, Lowe's, Walgreens, Chick-fil-A, Taco Bell, Starbucks, Wendy's, Bojangles, McDonald's, Walmart, Marshalls, GameStop, Dollar Tree, KFC, Harbor Freight, and Planet Fitness. The property has been occupied since 2020 and features a long-term absolute triple-net lease structure with scheduled rent escalations across option periods.
Property profile
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Location
Value estimations
Owner & transaction history
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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