4818 Apex Hwy Durham Raleigh, NC 27713

This is a newly constructed Popeyes restaurant. The 2,030 square foot building is situated on 1.03 acres. It has 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. The property is located minutes from Raleigh Durham International Airport and adjacent to a Food Lion-anchored shopping center. It enjoys visibility and accessibility along Apex Highway, a major thoroughfare with over 38,000 vehicles daily. Its proximity to Interstate-40, carrying over 139,000 vehicles daily, further enhances its strategic position. The surrounding area is densely populated, with over 135,000 residents within a 5-mile radius and a projected 8% population growth over the next five years. Average household income within this 5-mile radius exceeds $129,000. The property is surrounded by a variety of national retailers, including Taco Bell, Chick-fil-A, Pizza Hut, Jiffy Lube, Pep Boys, Sherwin Williams, CVS Pharmacy, Firestone, FedEx, McDonald's, Wendy's, Dunkin' Donuts, AutoZone, Arby's, Big Lots, PNC Bank, and Walgreens, creating a robust and thriving commercial environment. The property generates a net operating income of $185,000.