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The Nlag Advantage
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Durham, NC 27707
Advance Auto Parts
Property Address
1114 North Carolina 54, Durham, NC, USA
Offering Summary
Price:
$2,313,500
Lot Size:
.94 Acres
Year Built:
2008
Building SF:
7,000
Status:
Closed
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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
Brennan Clegg
Agent
Phone Number:
614.360.9805
brennan.clegg@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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