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Roxboro Shops, Durham, NC

Roxboro Shops

NC, United States

Price $2,470,376
Cap Rate
NOI
Lease Term Various
Lease Type
Rental Increases Various
Year Built 2016
Building Size 4,851 SF
Lot Size 0.81 Acres (35,066 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

HARD CORNER LOCATION IN DENSE RETAIL CORRIDOR
» Located at hard corner with excellent access and visibility to 16,890 vehicles per day on North Roxboro Street
» Convenient access to North Duke Street, a primary arterial, with 26,520 vehicles per day
» Adjacent to large retail center anchored by Staples, Roses, Dollar Tree, and Citi Trends
» Close proximity to major national tenants, including Lowe’s, Costco, Burlington Coat Factory, Home Depot, Kroger, and many others

CENTRAL LOCATION WITH ROBUST DEMOGRAPHICS
» Less than four miles from downtown Durham and 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 seven miles from Research Triangle Park, the economic engine of the Research Triangle region
» Nearly 100,000 daytime employees and 133,686 residents within a five-mile radius of the property

NEW 2016 CONSTRUCTION
» High-quality construction featuring the latest store designs and concepts
» Features Starbucks drive-thru, providing customer convenience and boosting sales

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the hard corner of Fairfield Street and North Roxboro Street, with excellent visibility and access to 16,890 vehicles per day. Fairfield Street provides convenient access to North Duke Street, a major arterial, with a traffic count of 26,520 vehicles per day. The property is adjacent to North Duke Crossing, a large shopping center anchored by Staples, Roses, Dollar Tree, and Citi Trends. The property benefits from its prime location in a dense commercial and retail corridor. Located less than four miles from downtown Durham and Duke University, the property is surrounded by commercial, medical, and retail centers, including the 369-bed Duke Regional Hospital and Oxford Commons, a shopping plaza featuring major national retailers like Burlington Coat Factory, Food Lion, Rainbow, RadioShack, and Shoe Show. Other notable tenants in the nearby area include Lowe’s, Home Depot, Costco, Kroger, Harbor Freight Tools, Bed Bath & Beyond, Walgreens, and CVS, among others. The site’s central location is bolstered by robust demographics. The property is conveniently located less than four miles from downtown Durham, Duke University, and Duke University Hospital, all large centers of employment

in the area. Additionally, the property is just over seven 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, nearly 100,000 daytime employees work within a five-mile radius of the site, with a population of 133,686 within the same area.

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