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1220 Sunset Ave
Clinton, NC 28328
Popeyes | 5.53% CAP | Clinton, NC · Retail Property For Sale


Investment Highlights
- NNN Lease | 2022 Construction
- Scheduled 3% Rent Increases Every 3 Years | $88,694 NOI at 5.53% CAP
- Sunset Ave / US-421 Business Frontage | ±23,264 VPD | Adjacent to US-421 (±28,767 VPD)
- Three (3) Five-Year Renewal Options | Up to 22 Years of Total Term
- Experienced Multi-Unit Popeyes Franchisee
- Adjacent to Walgreens, CVS, KFC, Waffle House, Ruby Tuesday, Lowe's, Dunkin' | Clinton's Primary Retail Corridor
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,140 SF
Building Class
B
Year Built
2022
Price
$1,602,510
Price Per SF
$748.84
Cap Rate
5.53%
NOI
$88,619
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.77 AC
Opportunity Zone
Yes
Parking
27 Spaces (12.62 Spaces per 1,000 SF Leased)
Frontage
132’ on Sunset Avenue
Amenities
- Restaurant
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 12005322302 | Improvements Assessment | $722,493 |
| Land Assessment | $141,990 | Total Assessment | $864,483 |
Property Taxes
Parcel Number
12005322302
Land Assessment
$141,990
Improvements Assessment
$722,493
Total Assessment
$864,483
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