924 Durham Rd - Fast Food FOR SALE


Roxboro, NC 27573
$1,794,871 USD
619-218-6427
924 Durham Rd, Roxboro, NC for Sale
$1,794,871 USD
Fast Food - FOR SALE
1/4
null | 5.85% Cap Rate

924 Durham Rd
Roxboro, NC 27573


HIGHLIGHTS

  • New 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years
  • Located Directly Across from Walmart Supercenter
  • Traffic Counts Exceed 32,000 Vehicles Per Day on Durham Road
  • Dense Retail Trade Area with Excellent Access & Visibility
  • Adjacent to Signalized Intersection of Durham Rd & Oxford Rd
  • Low Price Point for Popeyes & Historical Occupancy Since 2020

OVERVIEW

The subject property is a freestanding Popeyes drive-thru located in Roxboro (Outside Raleigh), North Carolina. The brand new 20-year absolute NNN lease includes 10% rent increases in the primary term and throughout the (4) 5-year option periods. The property is strategically located directly across from the Walmart Supercenter and is one of the limited QSR available options in the immediate vicinity. The site benefits from its excellent access at the signalized intersection of Durham Road and Oxford Road, which boasts over 40,000 vehicles per day. This is an extremely low price point for a new 20-year Popeyes with a purchase price under $1.8M. National retailers in the immediate vicinity include Walmart, Dollar Tree, Verizon, AT&T, Jersey Mikes, AutoZone, Burger King, Sherwin Williams, Bojangles, Wells Fargo, McDonald’s, Wendy’s, CVS Pharmacy, Tractor Supply Company, Family Dollar, Walgreens, O’Reilly Auto Parts, Dollar General Pizza Hut, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.

FOR SALE DETAILS

PRICE

$1,794,871 USD

PRICE/SF

$884 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeye's | 20-Year Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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