For Sale
$1,794,871

924 Durham RdRoxboro, NC 27573

2,030 SF Retail Building in Roxboro, NC 27573

Overview

Added:
Jan 22
Days on market:
74
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.

Highlights

  • New 20-Year Absolute NNN Lease w/ 10% Increases Every 5-Years Located Directly Across from Walmart Supercenter Traffic Counts Exceed 32,000 Vehicles Per Day on Durham Road Dense Retail Trade Area with Excellent Access & Visibility Adjacent to Signalized Intersection of Durham Rd & Oxford Rd Low Price Point for Popeyes & Historical Occupancy Since 2020

Property Details for 924 Durham Rd

Property type
Retail properties
Square Feet
2,030 SF
Price / Square Foot
$884.17
Class
B
Year Built
2020
Buildings
1
Stories
1
Elevators
N/A
Net Rentable (sq. ft)
2,030 SF
Lot Size (sq. ft)
43,996 SF
Net Operating Income
$105,000

Location Insight

City
Roxboro
County
State
North Carolina

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924 Durham Rd
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