4818 Apex Hwy Durham Raleigh, NC 27713
- Added:
- Jan 24, 2025
- Days on Market:
- 433
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 4818 Apex Hwy Durham
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Restaurants, Retail properties & Spaces
- Size
- 2,030 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 1.03 Acres
- Net Operating Income
- $185,000
Building Details
- Year Built
- 2023
- Buildings
- 1
- Stories
- 1
Listing agent John (619) 218-6427
Listing office (619) 218-6427
Listing date Jan 24, 2025
Overview
Popeyes Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Map
- City
- Raleigh
- County
- Wake
- State
- North Carolina
- Longitude
- -78.9178
- Latitude
- 35.907
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - Popeyes, New 20-Year Absolute NNN Lease
Where is this other retail property located?
The property is located at 4818 Apex Hwy Durham Raleigh, NC.
What is the asking price?
The asking price for this property is $3,303,571.
What are key features of this property?
This property features: 20‑Year Absolute NNN Lease w/ 10% Increases Every 5‑Years; Historical Occupancy Since 2023 (Strong Store Sales); 3‑Miles from Raleigh Durham International Airport
