SAB Capital is pleased to present PDQ in Cary, North Carolina, just 10 miles west of Downtown Raleigh and a part of the famed Research Triangle, home of UNC Chapel Hill, Duke University, and North Carolina State University. The tenant is on an absolute triple net lease (NNN) with zero landlord responsibilities, with over 13 years remaining on term. There are 9% increases built into the lease every 5 years, providing a strong hedge against inflation. Cary is one of the premier suburbs in the United States, boasting over a 26% total town population increase from 2010 to 2019, and was named the second-safest town in the country as of 2022. In terms of immediate area of the subject, the 1-mile AHI exceeds $167,000 annually.

  • PDQ in Cary, NC | 10 Miles West of Downtown Raleigh
  • Absolute Triple Net Lease (NNN) | Zero Landlord Responsibilities
  • Long-Term Commitment From the Tenant | Lease Has More Than 13 Years Remaining
  • Scheduled Rent Increases of 9% Every 5 Years | Strong Hedge Against Inflation
  • Major Population Boom Within 5 Miles of the Subject | Over 41% Increase Since 2010 Census
  • Core Market Fundamentals | Over 218,000 Residents Within 5 Miles of the Subject
  • Affluent Area With High Income Demographics | 1-Mile AHI: $167,000+ Annually
  • Located on an Established Retail Corridor | 25,000+ Vehicles Per Day (VPD) | Over 350K Square Feet of Existing Retail Within 1/4 Mile
  • National Retailers Located Nearby | CVS, Walgreens, Chick-fil-A, Papa John’s, Bojangles, McDonald’s, Bank of America and Many Others

Tenant Price Cap Rate Lease Type Square Feet Status
PDQ $2,750,000 % Closed