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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Little Caesars restaurant located at 1032 N Miami Blvd, Durham, NC 27703. The property boasts a 3,841 square foot building on a 0.57-acre lot, constructed in 1988 and renovated in 2023. Currently operating under a 20-year absolute NNN lease with a highly successful franchisee (the second largest in the nation with over 80 locations), this property offers exceptional stability and growth potential. The lease includes… 10% rent bumps every five years and three five-year renewal options, minimizing landlord responsibilities. The property enjoys a prime location at a signalized intersection with excellent visibility and convenient access, situated within a thriving retail node boasting over 630,000 square feet of retail space within a one-mile radius. Notable nearby tenants include McDonald's, Family Dollar, AutoZone, and Advance Auto Parts. The property's strong financial performance is reflected in its $1,569,000 asking price, $102,000 net operating income (NOI), and attractive 6.50% capitalization rate. This is a rare opportunity to acquire a Class A retail property in the rapidly growing Triangle region of North Carolina, a region experiencing significant population growth (5.6% since 2020) and boasting a population exceeding 2.1 million. The Little Caesars brand is globally recognized, further enhancing the investment's appeal. This is a turnkey investment with minimal management requirements and significant long-term upside.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
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 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,841 SF
- Lot area
- 0.57 ac
- Year built
- 1988
- Stories
- 1
- APN
- 120855
- Zoning
- CC
- Assessed value · 2024
- $875,578
- Annual tax · 2024
- $4,885
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CC District is established to provide for orderlydevelopmentof commercial services in a unified setting on largeparcelsof land (generally over ten acres in size to serve residential neighborhoods within a three to fi…
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to 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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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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