1032 Miami Blvd, Durham, NC 27703-2230

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.