Popeyes | 5.53% CAP | Clinton, NC
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
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