Just looked it up, the land is owned by McDonald's Corporation. https://property.spatialest.com/nc/durham/#/property/103000
It was built in 1989.
Many McD's are getting facelifts https://www.qsrmagazine.com/fast-food/mcdonalds-spending-6-billion-nationwide-remodels
. " McDonald’s is forking up about $214 million in North Carolina for more than 430 restaurants. " The article says to be completed in 2020, maybe we still will get one? I know they did the one in South Square (although I don't really think it looks better).
To your point, it most definitely is a hindrance on the walkability of that area.