Popeyes Investment
For Sale
$3,303,571
4818 Apex Hwy Durham, Raleigh, NC 27713
Popeyes, New 20-Year Absolute NNN Lease
Property Size2,030 SF
Lot Size1.03 Acres
Price / SF$1,627
Days on Market620
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
Listed By:
John R Wertz
(619) 218-6427
Added: Jan 24, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
9,901 visits/mo
0.1 miles
Public Storage
Shops & Services
1,370 visits/mo
0.2 miles
Demographics for 27713, NC
54,988
Population
26,266
Households
2.1
Avg Household Size
36
Median Age
65%
College-Educated
96%
High-School Grad
35.4 sq mi
ZIP Area
1,553
Density / Sq Mi
$96,900
Median Household Income
$56,918
Median Earnings
$1,460
Median Rent
$380,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
