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Shopping Strip

Park Terrace

2223 NC-54, Durham, NC 27713

Listing Price: $4,900,000

Cap Rate
8.00%
Gross SF
24,813
Rentable SF
24,813
Price/Gross SF
$197.48
Lot Size
2.70 acres
Year Built
1987

Investment Overview

Marcus & Millichap is pleased to present for sale Park Terrace located in Durham, North Carolina.

Investment Highlights

  • 24,813 Square Foot Retail Center
  • 95-Percent Leased | 10-Tenants
  • Modest Rents and NNN Reimbursements
  • Five (5) new leases executed since 2020
  • Research Triangle Park (RTP) | 7,700 New Jobs Announced
  • Near Signalized Intersection at Hwy 54 and Hwy 55 with Many National Retailers: Chic-Fil-A, Food Lion, Big Lots, Walgreens, McDonald's
  • $102,000+ Average Household Incomes in 3-Mile Radius

Exclusively Listed By

Shopping Strip

Park Terrace

Listing Price: $4,900,000

Cap Rate
8.00%
Gross SF
24,813
Rentable SF
24,813
Price/Gross SF
$197.48
Lot Size
2.70 acres
Year Built
1987

Investment Highlights

  • 24,813 Square Foot Retail Center
  • 95-Percent Leased | 10-Tenants
  • Modest Rents and NNN Reimbursements
  • Five (5) new leases executed since 2020
  • Research Triangle Park (RTP) | 7,700 New Jobs Announced
  • Near Signalized Intersection at Hwy 54 and Hwy 55 with Many National Retailers: Chic-Fil-A, Food Lion, Big Lots, Walgreens, McDonald's
  • $102,000+ Average Household Incomes in 3-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale Park Terrace located in Durham, North Carolina.

Exclusively Listed By

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