Investment Highlights
Attractive Lease Fundamentals
New Construction
Name Brand Tenant
Executive Summary
Attractive Lease Fundamentals - New 15 year NNN lease - 8% rent increases every 5 years - No Landlord responsibilitiesName Brand Tenant - Popeye?s is the second largest ?quick-service chicken restaurant group? - Over 4.1K locations in 40 states and countries - Q3 of 2023, Popeyes had 16.1% sales growth compared to Q3 in 2022New Construction - New build-to-suit Popeye?s - Warranties will be assigned to new ownerPositioned 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 DunkinHighly Visible and Trafficked Location - Fronting S. Main St (14.5K VPD) - Approximately 1/3 mile to I-74 (20.5K VPD) - Two points of ingress and egress (S. Main St & Biggs St) - ~1.25 miles to downtown LaurinburgSo-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
