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1140 S Main StLaurinburg, NC 28352
Popeyes | Laurinburg, NC
Asset ClassRetail
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Popeye’s Louisiana Kitchen | Laurinburg, NC. The Premises is leased to Popeye’s for a 15-year initial term with three (3) - five (5) year options. The Asset is well positioned on the main commuter corridor in Laurinburg, NC and close to I-74 (23k VPD).

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Investment Highlights

Attractive Lease Fundamentals

  • New 15-year NNN lease | 8% rent increases every 5 years | No Landlord responsibilities

Name Brand Tenant

  • Popeye’s is the second largest “quick-service chicken restaurant group” | Over 4,100+ locations in 40 states and 30 countries worldwide | In Q3 of 2023, Popeyes had 16.1% Sales Growth compared to Q3 in 2022

New Construction

  • New build-to-suit Popeye’s | Warranties will be assigned to new owner

Positioned On A Retail Corridor

  • Over 1.7MSF of retail space located in a 1-mile radius | Nearby National QSRs include: Burger King, Arby’s, Biscuitville, McDonald’s, Bojangles, and Dunkin

Highly Visible And Trafficked Location

  • Fronting S. Main St (14,500 VPD) | Approximately 1/3 mile to I-74 (20,500 VPD) | Two points of ingress & egress (S. Main St & Biggs St) | ~1.25 Miles to Downtown Laurinburg

So-Pak-Co Facility

  • So-Pak-Co, a food processor and packager, chose Laurinburg for its new operation | $85M project | 440 new jobs | State Economic Impact totaling $1.5B
1140 S Main StLaurinburg, NC 28352

Sales Team

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Listing provided by Revere CRE