4818 Apex Hwy
Durham (Raleigh), NC 27713
Popeyes
| Offering Summary | |||
|---|---|---|---|
| Price | $3,303,571 | Cap Rate | 5.60% |
| NOI | $185,000.00 | Rentable SF | 2,030 SF |
| Lot Size | 44,867 +/- SF | Year Built | 2023 |
| Lease Type | Absolute NNN | Lease Term | 20 Years |
Investment 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
- Traffic Counts Exceed 38,000 Vehicles Per Day
- Average Household Income Exceeds $129,000 (5-Mile Radius)
- Dense Trade Area with Over 135,000 Residents in 5-Miles and 8.0%
Expected Population Growth Over the Next 5-Years
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
[email protected]