Raleigh/Durham MSA. Property is located within the City of Raleigh, 3 miles from North Carolina State University and 30,000+ students. Property is located on a highly visible hard corner with over 50,000 cars per day. The property is leased to and operated by Carrolls Restaurant Group, Burger King’s largest operator in the system. Carrolls recently renovated the entire store, exterior and interior, in 2014. The tenant reports annual sales and enjoys a healthy rent to sales ratio of less than 7%, which is strong. The Raleigh/Durham/Chapel Hill area is consistently one of the fastest growing MSA’s in the United States, anchored by Research Triangle Park, and 3 major universities.
