Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Popeyes 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).
- Attractive Lease Fundamentals
- New 15 year NNN lease | 8% rent increases every 5 years | No Landlord responsibilities
- Name Brand Tenant
- Popeyes is the second largest “quick-service chicken restaurant group” | Over 4,100+ locations in 40 states and 30 countries world wide | 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