Retail    

Gateway Terrace

Chipotle Mexican Grill | Mattress Firm | O2 Dental | Navigator Beverage Co. | Jersey Mike's

Durham, NC

Asking Price

$8,495,000

Cap Rate

6.23%

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Expenses

NNN

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Year Built

2014

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Avg HHI

$113K (3-Mile)

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Square Feet

14,551 SF

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Trophy Real Estate in Durham, NC | I-40 & Durham-Chapel Hill; Near Duke University
  • “A+” Retail Trade Area | Unparallel Visibility and Consumer Traffic
  • Outstanding Demographics | 15% Growth 2010 – 2021 (1-mile), 154K Pop. & $104K AHHI (5-mile)
  • Fully Leased with Strong Rent Roll | Chipotle & Mattress Firm make up 56% of Gross Income
  • Passive Net Leases | Contractual Rent Growth and Renewal Options
  • Research Triangle Investment Opportunity | Raleigh-Durham-Cary CSA
  • South Durham Submarket | 164K SF Absorption, 98.3% Occupancy, 5.2% Rent Growth

Exclusively Listed By

Joshua Pardue, CCIM

Senior Vice President
  jpardue@northmarq.com      P: +1 646.841.0631

Edward Harari

Investment Analyst
  eharari@northmarq.com      P: +1 646.845.8420

In Association With
Shaan Dadlani


NC License #312540

Northmarq

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New York, NY 10036
P: +1 646.778.5560


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