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34387241
34387242

1220 Sunset Avenue, Clinton, NC 28328 For Sale

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,602,510
5 days on market
Updated 5 days ago
Opportunity zone

Popeyes | 5.53% CAP | Clinton, NC

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,140
Net Rentable (SqFt) 2,140
Cap Rate 5.53%
NOI $88,694
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell (+10)
Lease Type NNN
Lease Term 10.1
Lease Expiration 02/28/2033
Remaining Term 6.6
Rent Bumps Yes
Lease Options 3 x 5 Years
Year Built 2022
Acreage 0.770
Investment Type Net Lease
Lease Commencement 02/10/2023
Ground Lease No

Franchisee Guaranty | Sunset Ave w/ ±23,264 VPD

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes drive-thru at 1220 Sunset Avenue in Clinton, North Carolina, along the primary commercial corridor of Sampson County within the Fayetteville MSA. The ±2,140-square-foot restaurant, built in 2022, sits on ±0.77 acres and is secured by a NNN lease with three (3) five-year renewal options. Annual base rent of $88,694 at a 5.53% cap rate includes scheduled 3% rent increases every three years, providing consistent, compounding income growth throughout the lease term. The property is operated by a multi-unit Popeyes franchisee .

The property fronts Sunset Avenue / US-421 Business (±23,264 VPD) at its intersection with Pierce Street, with US-421 (±28,767 VPD) immediately adjacent and corridor neighbors including Walgreens, CVS, KFC, Waffle House, Ruby Tuesday, Lowe's, and Dunkin' directly surrounding the site. The 3-mile trade area holds 10,632 residents with an average household income of $76,452, and the 5-mile population of 16,625 averages $81,419, supported by Sampson Community College and Clinton High School (833 students). The Clinton trade area is actively growing, with LG Textile Corp opening a new manufacturing facility in October 2025 targeting 210 jobs by 2027, and NCDOT advancing a $4.6 million US-421 resurfacing and infrastructure project through November 2026. The Fayetteville MSA counts 396,220 residents at $91,407 average household income, anchored by Fort Bragg, Amazon, FedEx, and Walmart.

Investment highlights

  • 2022 Construction
  • Three (3) Five-Year Renewal Options | Up to 22 Years of Total Term
  • Scheduled 3% Rent Increases Every 3 Years | $88,694 NOI at 5.53% CAP
  • Experienced Multi-Unit Popeyes Franchisee
  • Sunset Ave / US-421 Business Frontage | ±23,264 VPD | Adjacent to US-421 (±28,767 VPD)
  • Adjacent to Walgreens, CVS, KFC, Waffle House, Ruby Tuesday, Lowe's, Dunkin' | Clinton's Primary Retail Corridor
  • Sampson Community College Nearby | Clinton High School (833 Students)
  • 3-Mile Demographics: 10,632 Residents | $76,452 Avg. HH Income
  • LG Textile Corp New Manufacturing Facility Opened October 2025 | 210 Jobs by 2027 | $4.6M NCDOT US-421 Resurfacing Underway
  • Fayetteville MSA: 396,220 Population | $91,407 Avg. HH Income | Fort Bragg, Amazon & FedEx Employment Base

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,694.00
$7,391.17/mo

Valuation Metrics

0
DSCR
5.53%
Cap Rate
5.53%
ROI

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Additional Information

Name
Charles Gallagher
License
NC 351471
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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