Listed by Sands Investment Group Los Angeles, Sands Investment Group
$1,973,646
Popeyes - Greenwood, SC
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,145
Cap Rate 6.5%
NOI $128,287
Occupancy 100%
Tenancy Single
Brand/Tenant Popeyes
Lease Type NNN
Lease Term 20
Lease Expiration 12/31/2039
Remaining Term 13.5
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Price per SqFt $920
Year Built 2019
Acreage 0.960
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/27/2019
Popeyes - Prime Retail Corridor | Zero Landlord Responsibilities | Strong Multi-Unit Franchisee
Marketing description
Sands Investment Group is pleased to exclusively offer for sale the 2,145 SF Popeyes located at 1211 Bypass 72 NE in Greenwood, SC. This property features ~14 years remaining on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities and built-in 10% rent increases every 5 years, providing long-term income stability. Additionally, it is a prime-position asset along Greenwood’s main retail corridor, offering excellent visibility, strong access, and exposure to over 20,800 vehicles per day.
Investment highlights
- Prime position on Greenwood’s main retail corridor (Bypass 25 NE) with excellent visibility, access, and 20,800+ VPD exposure.
- ~14 years remaining on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities and built-in 10% rent increases every 5 years, providing long-term income stability.
- Located in a strong, high-performing retail corridor anchored by top national QSR and daily-needs retailers.
- Attractive and modern 2,145 SF freestanding building with a drive-thru on a large 0.96-acre lot, featuring an efficient site layout with strong ingress/egress and excellent corridor visibility.
- Operated by a proven, multi-unit Popeyes franchisee with a strong track record and continued growth across the Carolinas.
Listing Contacts
Listed by Sands Investment Group Los Angeles, Sands Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$128,287.00
$10,690.58/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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