Current Use by Public Records
- Retail properties & Spaces
Property Details for 4818 Apex Hwy
- Year built
- 2023
- Property type
- Retail properties & Spaces
Description
The subject property is a newly constructed Popeyes drive-thru located in Durham (Raleigh), North Carolina. The brand new 20-year absolute NNN lease includes 10% rent increases in the primary term and throughout the (4) 5-year option periods. This brand new Popeyes is strategically located minutes from Raleigh Durham International Airport adjacent to a busy Food Lion anchored shopping center. The site benefits from its excellent visibility and access along Apex Highway, which boasts over 38,000 vehicles per day. Immediately east of the subject property is Interstate-40, which has traffic counts exceeding 139,000 cars per day. Within 5-miles of the subject property there are over 135,000 residents with 8.0% expected population growth over the next 5-years. National retailers in the immediate vicinity include Taco Bell, Chick-Fil-A, Pizza Hut, Food Lion, Jiffy Lube, Pep Boys, Sherwin Williams, CVS Pharmacy, Firestone, FedEx, McDonald’s, Wendy’s, Dunkin’ Donuts, AutoZone, Arby’s, Big Lots, PNC Bank, Walgreens and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Durham (Raleigh)
- County
- State
- North Carolina
- Longitude
- -78.5547283
- Latitude
- 35.7482425
