Property summary
This exceptional investment opportunity presents a newly constructed, 2,030 square foot Popeyes restaurant in Durham, North Carolina, situated on a 44,867 square foot lot. The property boasts a brand new 20-year absolute NNN lease with a prominent location on Apex Highway, experiencing over 38,000 vehicles daily, and close proximity to Interstate-40 (over 139,000 vehicles daily). The lease features a 5.60% cap rate and a substantial $185,000 net operating income (NOI). Rent increases are… built in, with a 10% bump every five years, providing consistent growth throughout the primary term and four 5-year option periods, extending the lease to 2044. The property is 100% occupied and benefits from its strategic location near a Walmart Supercenter and other national retailers, including Food Lion, Taco Bell, Chick-fil-A, and many more. The surrounding area demonstrates strong demographics, with over 135,000 residents within a 5-mile radius and projected 8% population growth over the next five years. This fee-simple ownership offers a secure, long-term investment with zero landlord responsibilities, making it an ideal addition to any portfolio. The asking price is $3,303,571. The property is classified as Class A retail, built in 2023.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Value Estimation
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