1220 Sunset Ave - Fast Food FOR SALE


Clinton, NC 28328
$1,602,510 USD
408-510-9057
1220 Sunset Ave, Clinton, NC for Sale
$1,602,510 USD
Fast Food - FOR SALE
1/3
null | 5.53% Cap Rate

1220 Sunset Ave
Clinton, NC 28328


HIGHLIGHTS

  • NNN Lease | 2022 Construction
  • Three (3) Five-Year Renewal Options | Up to 22 Years of Total Term
  • Scheduled 3% Rent Increases Every 3 Years | $88,694 NOI at 5.53% CAP
  • Experienced Multi-Unit Popeyes Franchisee
  • Sunset Ave / US-421 Business Frontage | ±23,264 VPD | Adjacent to US-421 (±28,767 VPD)
  • Adjacent to Walgreens, CVS, KFC, Waffle House, Ruby Tuesday, Lowe's, Dunkin' | Clinton's Primary Retail Corridor

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding Popeyes drive-thru at 1220 Sunset Avenue in Clinton, North Carolina, along the primary commercial corridor of Sampson County within the Fayetteville MSA. The ±2,140-square-foot restaurant, built in 2022, sits on ±0.77 acres and is secured by a NNN lease with three (3) five-year renewal options. Annual base rent of $88,694 at a 5.53% cap rate includes scheduled 3% rent increases every three years, providing consistent, compounding income growth throughout the lease term. The property is operated by a multi-unit Popeyes franchisee . The property fronts Sunset Avenue / US-421 Business (±23,264 VPD) at its intersection with Pierce Street, with US-421 (±28,767 VPD) immediately adjacent and corridor neighbors including Walgreens, CVS, KFC, Waffle House, Ruby Tuesday, Lowe's, and Dunkin' directly surrounding the site. The 3-mile trade area holds 10,632 residents with an average household income of $76,452, and the 5-mile population of 16,625 averages $81,419, supported by Sampson Community College and Clinton High School (833 students). The Clinton trade area is actively growing, with LG Textile Corp opening a new manufacturing facility in October 2025 targeting 210 jobs by 2027, and NCDOT advancing a $4.6 million US-421 resurfacing and infrastructure project through November 2026. The Fayetteville MSA counts 396,220 residents at $91,407 average household income, anchored by Fort Bragg, Amazon, FedEx, and Walmart.

FOR SALE DETAILS

PRICE

$1,602,510 USD

PRICE/SF

$749 USD /SF

CAP RATE

5.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | 5.53% CAP | Clinton, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,541 SF

ZONING

-

APN/PARCEL ID

12005322302

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.