Shopping Strip
The Village Shopping Center
1000 N Miami Blvd, Durham, NC 27703
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present for sale The Village Shopping Center located in Durham, NC. Anchored by Tropicana Supermarket, which recently executed a 10-year lease extension supported by strong sales performance, the property benefits from a diverse tenant roster with 57% of gross income generated by national and regional brands including Family Dollar, Aaron’s, DaVita Dialysis, Citi Trends, Maxway, and the U.S. Post Office. Situated on nearly 20 acres across four buildings and two parcels, the asset occupies a strategic position just 0.5 miles from the I-885 interchange and two miles from Downtown Durham.
The Village Shopping Center
Investment Highlights
- Grocery Anchored Retail | Infill Position | WALT: 4.8 Years | 4+% CAGR
- Mark-to-Market Leasing Potential: 43-Percent of the leased square footage has no renewal options
- 57-Percent of Gross Income from National/Regional Brands: Family Dollar, Aaron's Rents, DaVita Dialysis, CitiTrends, Maxway, US Post Office
- Within Two (2) Miles of Downtown Durham with +/- $2.65 Billion in Recent Capital Investments
- Four (4) Buildings | Two (2) Parcels Totaling +/- 20 Acres
- Strong Grocery Sales + Recent 10-Year Lease Extension with Tropicana Supermarket
- Recent Leasing Momentum: New 10-Year Lease with Fishing Point Healthcare
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- Grocery Anchored Retail | Infill Position | WALT: 4.8 Years | 4+% CAGR
- Mark-to-Market Leasing Potential: 43-Percent of the leased square footage has no renewal options
- 57-Percent of Gross Income from National/Regional Brands: Family Dollar, Aaron's Rents, DaVita Dialysis, CitiTrends, Maxway, US Post Office
- Within Two (2) Miles of Downtown Durham with +/- $2.65 Billion in Recent Capital Investments
- Four (4) Buildings | Two (2) Parcels Totaling +/- 20 Acres
- Strong Grocery Sales + Recent 10-Year Lease Extension with Tropicana Supermarket
- Recent Leasing Momentum: New 10-Year Lease with Fishing Point Healthcare
Investment Overview
Marcus & Millichap is pleased to present for sale The Village Shopping Center located in Durham, NC. Anchored by Tropicana Supermarket, which recently executed a 10-year lease extension supported by strong sales performance, the property benefits from a diverse tenant roster with 57% of gross income generated by national and regional brands including Family Dollar, Aaron’s, DaVita Dialysis, Citi Trends, Maxway, and the U.S. Post Office. Situated on nearly 20 acres across four buildings and two parcels, the asset occupies a strategic position just 0.5 miles from the I-885 interchange and two miles from Downtown Durham.
Exclusively Listed By
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