The subject property is a newly constructed Popeyes drive-thru located in Greenwood, South Carolina. The brand new 20-year absolute NNN lease includes 10% rental increases every 5-years in the primary term and in the (4) 5-year option periods. The property is located adjacent to a newly constructed Stop-A-Minute gas station at a busy signalized intersection with shared access. This Popeyes enjoys excellent visibility right off Bypass 72 Northeast and Durst Ave East with traffic counts exceeding 31,000 vehicles per day. This retail corridor is one of the main thoroughfares serving Greenwood and connecting cities. There are over 47,000 residents in the retail trade area with a 4% expected population growth over the next 5-years.
National retailers in the immediate vicinity include Burger King, McDonald’s, CVS, O’Reilly Auto Parts, Circle K, Arby’s, Taco Bell, Applebee’s, Bojangles, Waffle House, Sonic, Zaxby’s, Red Lobster, T-Mobile and more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.