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Drive-Through Restaurant NNN Lease
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1512 N Arendell Ave, Zebulon, NC 27597

Newly constructed Popeyes drive-thru is offered with a 20-year absolute NNN lease.

Days on Market112

Property Features for 1512 N Arendell Ave

General Information

Standard status Active
Property subtype Retail
Lease Type NNN

Site & Location

Traffic Count 96,000 vehicles/day
Highway Access Yes

Additional Details

Lease Term 240 months
Listing Agency: Wertz Real Estate Investment
Listed By: John Wertz · License #CA 01448585
Source: Crexi
Added: Apr 12 Changed: Jul 22 Last Checked: Jul 22 at 12:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Wertz Real Estate Investment

Investment Insights

Based on property information with market context.

The property is a newly constructed Popeyes drive-thru designed for quick service restaurant operations. The offering includes a brand new 20-year absolute NNN lease with 10% rent increases during the primary term and throughout the four (4) five-year option periods, limiting landlord involvement during the lease term.

The restaurant is located in Zebulon, North Carolina, immediately off Interstate-264 and N Arendell Ave, where combined traffic counts exceed 96,000 vehicles per day. Interstate-264 serves as the primary thoroughfare connecting Zebulon to downtown Raleigh.

Nearby retailers and national brands include Taco Bell, McDonald’s, Arby’s, Food Lion, Belk, Subway, Napa, Sonic Drive-In, Waffle House, Sheetz, Truist Bank, Valero, and Bojangles, among others.

Key Highlights

  • Newly constructed Popeyes drive‑thru in Zebulon (Raleigh), North Carolina
  • 20‑year absolute NNN lease with 10% rent increases during the primary term and each of the (4) 5‑year option periods
  • Located immediately off Interstate‑264 and N Arendell Ave with combined traffic counts exceeding 96,000 vehicles per day

Property Analytics

Current Use

Popeyes Louisiana Kitchen Restaurant

Suggested Use

Top Pick Parking Lot & Garage Dental Office Electrical Service Plumbing Service Locksmith Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

96,000 VPD
Traffic count
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

539
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 70% Home Improvements & Furnishings 30%
AutoZone Shops & Services
4,849 visits/mo 0.1 miles
Zebulon True Value Home Improvements & Furnishings
4,518 visits/mo 0.5 miles
PNC Bank Shops & Services
2,885 visits/mo 0.1 miles
FedEx Office Print & Ship Center Shops & Services
2,594 visits/mo 0.2 miles

Demographics for 27597, NC

27,178
Population
11,440
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
87%
High-School Grad
118.5 sq mi
ZIP Area
229
Density / Sq Mi
$81,862
Median Household Income
$45,609
Median Earnings
$985
Median Rent
$272,000
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Newly constructed Popeyes drive-thru is offered with a 20-year absolute NNN lease.
Where is this nnn property located?
The property is located at 1512 N Arendell Ave Zebulon, NC.
What are key features of this property?
This property features: Newly constructed Popeyes drive‑thru in Zebulon (Raleigh), North Carolina; 20‑year absolute NNN lease with 10% rent increases during the primary term and each of the (4) 5‑year option periods; Located immediately off Interstate‑264 and N Arendell Ave with combined traffic counts exceeding 96,000 vehicles per day
(619) 218-6427 Call to check price and availability
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