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.
Park Terrace
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
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
