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Popeye’s w/ Drive-Thru | Abs. NNN Lease 1211 NE Bypass 72 2,145 SF Retail Building Greenwood, SC 29649 $2,766,998 CAD ($1,289.98 CAD/SF) 6.35% Cap Rate
Investment Highlights
- Prime position on Greenwood’s main retail corridor (Bypass 25 NE) with excellent visibility, access, and 20,800+ VPD exposure.
- Located in a strong, high-performing retail corridor anchored by top national QSR and daily-needs retailers.
- Operated by a proven, multi-unit Popeyes franchisee with a strong track record and continued growth across the Carolinas.
- 14+ years remaining on an Absolute Triple Net (NNN) Lease with zero landlord responsibilities and built-in 10% rent increases every 5 years.
- Attractive and modern 2,145 SF freestanding building with a drive-thru on a large 0.96-acre lot, featuring an efficient site layout.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,145 SF Popeyes located at 1211 Bypass 72 NE in Greenwood, SC. This property features a 14+ years remaining Absolute Triple Net (NNN) Lease with zero landlord responsibilities and built-in 10% rent increases every 5 years, providing long-term income stability. Additionally, it is a prime-position asset along Greenwood’s main retail corridor, offering excellent visibility, strong access, and exposure to over 20,800 vehicles per day.
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
In Cooperation With Sands Investment Group Charleston, LLC - Lic. #20891 BoR: Chris Sands - Lic. SC #93103
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,145 SF
Building Class
B
Year Built
2019
Price
$2,766,998 CAD
Price Per SF
$1,289.98 CAD
Cap Rate
6.35%
NOI
$175,704 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.96 AC
Zoning
C
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Popeyes
- -
- 2,145 SF
- -
- Triple Net
- Dec 2039
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Popeyes | - | 2,145 SF | - | Triple Net | Dec 2039 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 6856-278-651-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $114,554 CAD |
Property Taxes
Parcel Number
6856-278-651-000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$114,554 CAD
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Popeye’s w/ Drive-Thru | Abs. NNN Lease | 1211 NE Bypass 72
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