Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes Louisiana Kitchen located at 3301 Fayetteville Road in Lumberton, North Carolina. The ±3,397-square-foot drive-thru restaurant, built in 2019, sits on ±0.89 acres and is secured by a NNN lease with three (3) five-year renewal options. Annual base rent of $97,492 reflects a 5.55% cap rate, with scheduled 3% rental increases every three years delivering consistent income growth. The property is operated by a multi-unit Popeyes franchisee. The property is positioned along Fayetteville Road (US-301, ±26,967 VPD), Lumberton's primary commercial corridor, with direct access to Interstate 95 (±59,627 VPD) and North Roberts Avenue (±28,673 VPD). Adjacent national retailers include Walmart, Lowe's, Wawa, Chick-fil-A, Waffle House, Firehouse Subs, Panera, Wendy's, and Hardee's. Nearby demand drivers include UNC Health Southeastern (450+ beds), Robeson Community College (~6,300+ students annually), and Lumberton High School (1,950 students). The 5-mile trade area holds 30,890 residents with an average household income of $72,288, and the broader Fayetteville MSA encompasses 396,220 residents with a $91,407 average household income, supported by a diversified economy anchored by defense, healthcare, and logistics.