This exceptional investment opportunity presents a freestanding Popeyes restaurant situated at 924 Durham Rd, Roxboro, NC 27573. The property boasts a brand-new, 20-year absolute NNN lease with built-in rent increases of 10% every five years, extending through four 5-year option periods. This 2,030 square foot building sits on a 1.01-acre lot and enjoys a prime location directly across from a Walmart Supercenter, ensuring high visibility and consistent traffic. The site benefits from excellent access at the signalized intersection of Durham Road and Oxford Road, experiencing over 40,000 vehicles daily. This strategic location is part of a dense retail corridor, surrounded by national retailers including Dollar Tree, Verizon, AT&T, Jersey Mike's, 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, and Pizza Hut. The property offers a low price point for a new 20-year Popeyes lease, making it an attractive investment with minimal landlord responsibilities and a projected net operating income of $105,000. This is a rare chance to acquire a stable, long-term investment with significant upside potential. The property has been occupied since 2020. The asking price is $1,794,871.
Property Features for 924 Durham Rd
General Information
Property type
Restaurants
Square Feet
2,030 SF
Price / Square Foot
$884
Class
B
Elevators
N/A
Net Rentable
2,030 SF
Lot Size
43,996 SF
Net Operating Income
$105,000
Building Details
Year Built
2020
Buildings
1
Stories
1
HighLights
Brand new Popeyes with a 20‑year absolute NNN lease.
Located across from a Walmart Supercenter in a high‑traffic area.
Offers a low price point under $1.8M with strong tenant occupancy.
The property is located at 924 Durham Rd Roxboro, NC.
What is the asking price?
The asking price for this property is $1,794,871.
What are key features of this property?
This property features: Brand new Popeyes with a 20-year absolute NNN lease.; Located across from a Walmart Supercenter in a high-traffic area.; Offers a low price point under $1.8M with strong tenant occupancy.
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924 Durham Rd Roxboro, NC 27573
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Realmo Value Estimation
Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods.
Disclaimer
These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
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Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
924 Durham Rd Roxboro, NC 27573
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924 Durham Rd, Roxboro, NC
John R Wertz
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924 Durham Rd, Roxboro, NC
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924 Durham Rd, Roxboro, NC
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924 Durham Rd, Roxboro, NC
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924 Durham Rd, Roxboro, NC
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to 924 Durham Rd Roxboro, NC 27573
924 Durham Rd, Roxboro, NC
John R Wertz
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