Join Our Email List

x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x

Shops on Chapel Hill, Durham, NC

Shops on Chapel Hill

NC, United States

Price $4,524,000
Cap Rate
NOI
Lease Term Various
Lease Type NNN
Rental Increases Various
Year Built Q4 2015
Building Size 8,400 SF
Lot Size 1.65 Acres (72,500 SF)
Status Sold
Lead Broker Information Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

100% LEASED RETAIL CENTER WITH STRONG NATIONAL TENANTS
» 100% leased to national tenants with strong brand recognition
» Starbucks is an investment-grade tenant with an “A” rating from Standard & Poor’s
» Multi-tenant center offers investment diversification

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent access and visibility to 51,000 vehicles per day on Durham-Chapel Hill Boulevard
» Immediate access to U.S. Highway 15, a primary thoroughfare, with 55,000 vehicles per day
» Directly across from large retail center anchored by Super Target and Sam’s Club
» Close proximity to major national tenants, including Walmart Supercenter, Home Depot, The Fresh Market, Petco, T.J. Maxx, and many others

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Less than four miles from downtown Durham and two and a half miles from Duke University, one of the best universities in the U.S. and the world
» Duke University & Health System is the largest employer in Durham (34,863 employees)
» Just over four miles from Research Triangle Park, the economic engine of the Research Triangle region
» 158,950 daytime employees and 176,609 residents within a five-mile radius of the property

NEW CONSTRUCTION
» High-quality construction featuring the latest store designs and concepts
» Features Starbucks drive-thru, providing additional customer convenience and boosting sales
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on Durham-Chapel Hill Boulevard, with excellent visibility and access to 51,000 vehicles per day. The property also has convenient access to an additional 55,000 vehicles per day on nearby U.S. Highway 15. Located in a dense retail corridor, the property is close to several large shopping centers and major national retailers. The property is directly across from South Square, a shopping center anchored by Super Target and Sam’s Club. Other notable retailers near the property include Walmart Supercenter, At Home, The Fresh Market, Home Depot, T.J. Maxx, Kohl’s, Toys “R” Us, Best Buy, Dollar Tree, and many others.

The property is centrally located in Durham and is bolstered by robust demographics. The property is conveniently located less than four miles from downtown Durham and two and a half miles from Duke University and Duke University Hospital, all three of which are large centers of employment in the area. Additionally, the property is just over four miles from Research Triangle Park, one of the largest research parks in the world and the economic engine for the Research Triangle region. The park is home to more than 200 companies which employ over 50,000 people with expertise in fields such as micro-electronics, telecommunications, biotechnology, chemicals, pharmaceuticals, and environmental sciences. In total, 158,950 daytime employees work within a five-mile radius of the site, with a population of 176,609 within the same area.

Contact Us About This Property

Ryan & Vince Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link