Wasa Properties Announces The Sale of Out Pad to Popeyes at Southwood Village

Brooklyn, NY – Wasa Properties announces the sale of a 0.8 acres of undeveloped out pad to Popeyes at Southwood Village located at the intersection of Arrowood Road and Nations Ford Road in Charlotte, North Carolina. Founded in New Orleans in 1972, Popeyes® has more than 40 years of history and culinary tradition. Popeyes distinguishes itself with a unique New Orleans style menu featuring spicy chicken, chicken tenders, fried shrimp and other regional items. The chain’s passion for its Louisiana heritage and flavorful authentic food has allowed Popeyes to become one of the world’s largest quick service restaurant chicken concepts with over 2,600 restaurants in the U.S. and around the world. Popeyes plans to build a 2,266 square feet building with outdoor seating, a drive through and approximately 30 parking spots at this new location. Being located on Southwood Village, this new Popeyes location benefits from existing national co-tenants such as Compare Foods, Family Dollar and CVS Pharmacy as well as excellent visibility along Arrowood Road that enjoys a robust traffic count exceeding 32,000 vehicles per day.

About Wasa Properties

Wasa Properties is a New York City based real estate investment and operating firm currently executing an opportunistic strategy focused on repositioning income generating distressed and deep value-add opportunities, well located within dynamic target markets throughout the northeast, southeast, and southwest. Wasa Properties has grown organically, acquiring one property at a time since the firm’s inception in 2004 to over 2 million square feet of assets currently under management.

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