Popeyes | 5.55% CAP | 3% Bumps/3 Yrs | Lumberton, NC
Franchisee Operated | I-95 at ±59,627 VPD
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes Louisiana Kitchen located at 3301 Fayetteville Road in Lumberton, North Carolina. The ±3,397-square-foot drive-thru restaurant, built in 2019, sits on ±0.89 acres and is secured by a NNN lease, with three (3) five-year renewal options. Annual base rent of $97,492 reflects a 5.55% cap rate, with scheduled 3% rental increases every three years delivering consistent income growth. The property is operated by a multi-unit Popeyes franchisee.
The property is positioned along Fayetteville Road (US-301, ±26,967 VPD), Lumberton's primary commercial corridor, with direct access to Interstate 95 (±59,627 VPD) and North Roberts Avenue (±28,673 VPD). Adjacent national retailers include Walmart, Lowe's, Wawa, Chick-fil-A, Waffle House, Firehouse Subs, Panera, Wendy's, and Hardee's. Nearby demand drivers include UNC Health Southeastern (450+ beds), Robeson Community College (~6,300+ students annually), and Lumberton High School (1,950 students). The 5-mile trade area holds 30,890 residents with an average household income of $72,288, and the broader Fayetteville MSA encompasses 396,220 residents with a $91,407 average household income, supported by a diversified economy anchored by defense, healthcare, and logistics.
Investment highlights
- 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 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)
- Fayetteville MSA | 396,220 Population | $91,407 Avg. Household Income
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