Popeyes | New 20-Year Absolute NNN Lease 924 Durham rd

The subject property is a freestanding Popeyes drive-thru located in Roxboro (Outside 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. The property is strategically located directly across from the Walmart Supercenter and is one of the limited QSR available options in the immediate vicinity. The site benefits from its excellent access at the signalized intersection of Durham Road and Oxford Road, which boasts over 40,000 vehicles per day. This is an extremely low price point for a new 20-year Popeyes with a purchase price under $1.8M.
National retailers in the immediate vicinity include Walmart, Dollar Tree, Verizon, AT&T, Jersey Mikes, AutoZone, Burger King, Sherwin Williams, Bojangles, Wells Fargo, McDonald’s, Wendy’s, CVS Pharmacy, Tractor Supply Company, Family Dollar, Walgreens, O’Reilly Auto Parts, Dollar General Pizza Hut, and many more. This is an excellent opportunity for an investor to purchase a stable, long term investment with zero landlord responsibility.