Durham, NC 27707

Advance Auto Parts

Property Address

1114 North Carolina 54, Durham, NC, USA

Offering Summary

  • Price: $2,607,000
  • Lot Size: .94 Acres
  • Cap Rate: 6.25%
  • Year Built: 2008
  • Building SF: 7,000
  • Status: Available
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  • Over Five Years Remaining on Corporate-Guaranteed Lease with Advance Auto Parts
  • Five Percent Rental Increases Occurring in Each Renewal Option Period
  • 142,771 Residents within a Five-Mile Radius - Raleigh / Durham MSA
  • Growing Durham Trade Area - Households and Population Projected to Increase Roughly Nine Percent within a Three-Mile Radius by 2027
  • Signalized Hard Corner Location Visible to 26,500 Cars per Day
  • Average Household Income Exceeds $129,000 in the Immediate Area
  • Highly Desirable Location near University of North Carolina at Chapel Hill and Research Triangle Park Trade Area
  • Dense Retail Corridor Location - Major Tenants Include Food Lion, Ace Hardware, Harris Teeter, Burger King, Dunkin’, CVS, and KFC
  • One Mile North of Southpoint - Home to The Streets at Southpoint, Southpoint Auto Park, and Southpoint Auto Mall
  • 58 Percent of Households within a One-Mile Radius have Two or More Vehicles
  • Direct Access to University of North Carolina at Chapel Hill via West NC-54

Broker Information