Brand New Construction Popeyes 20 Year Lease
Property Details
Rentable Area: 2,529 sqft
Land Area: 0.91 AC
Year Built: 2024
INVESTMENT HIGHLIGHTS
• Brand new 2024 construction | 20-Year lease | NNN | Double Drive-thru lane
• Rental Increases 10% every 5 years throughout base term and options | Four 5-Year Options
• Phenomenal Location | Outparcel and at the Entrance to Walmart Supercenter, Home Depot &
Costco | Over 450,000 SF of Big-Box Retail Space
• 1/2 Mile from the Coastal Grand Super Regional Mall | Approximately 612,000 SF
• Retail Hub | Over 1,000,000 SF of Retail in 1/2-Mile Radius
• 2 Miles from Myrtle Beach Boardwalk and Promenade
• Strong Average Traffic Counts of 65,800+ VPD (US-501)
• Dense Population | Over 105,800 Residents in 5-Mile Radius
• Affluent Community | Average Household Income Exceeds $72,000 in 5-Mile Radius
• Myrtle Beach is the Fastest Growing City in the USA for the Last 3 Years
• Franchisee Guaranty with Development Agreements for 15 Popeyes, 15 Freddy’s Frozen
Custards & Steakburgers & 4 Del Tacos
• Lease Includes Personal Guaranty from Four High Net Worth Individuals | Including Former
NBA Superstar Carlos Boozer
• RBI Inc is one of the world’s largest quick service restaurant companies with over $40B in sales
• RBI Inc has over 30,000 restaurants in more than 100 countries
