4835 Hope Valley Rd - Convenience Store FOR SALE


Durham, NC 27707
$3,990,000 USD
704-697-1900
4835 Hope Valley Rd, Durham, NC for Sale
$3,990,000 USD
Convenience Store - FOR SALE
1/5
null | 5.25% Cap Rate

4835 Hope Valley Rd
Durham, NC 27707


HIGHLIGHTS

  • NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE
  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGH GROWTH TRIANGLE NC

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - 10% rent increase every 5 years and during options periods - Absolute NNN Ground lease providing no Landlord Responsibilities - Four (4) - Five (5) year option periods HIGHLY ACCESSIBLE LOCATION - Located on a corner lot of at the lighted intersection on Hwy 54 (17K VPD) & Hwy 751 (19K VPD) with ingress and egress on both streets - Less than 1-mile to two I-40 Exits - Across the street from Harris Teeter anchored Hope Valley Commons HIGH GROWTH TRIANGLE NC - The Triangle (Raleigh, Durham, and Chapel Hill) is the 10th fastest growing region in the US since 2020 - 5.6% population growth Since 2020 - Over 2.1M people live in the NC Triangle INVESTMENT GRADE TENANT - TD Bank ranked #64 on Fortune 500 list - Over $324B held in deposits - Over $36.1B in Revenue - S&P Rating: AA- DOORSTEP OF RESEARCH TRIANGLE PARK - The Subject site is less than 10 miles (~10 minute drive time) to RTP - The Research Triangle Park (RTP) is the largest research park in the nation, spanning over 7K acres - Over 250 business are stationed there, which includes Bayer, IBM, Cisco NEW CONSTRUCTION BANK IN PROMINENT RETAIL NODE - The Tenant is constructing the building with its newest and state-of-the-art prototype - Over 621K SF of retail space is located within a 1-mile radius boasting a 0.3% vacancy rate - Nearby retailers include Harris Teeter, Taco Bell, Fifth Third Bank, & Advance Auto Parts

FOR SALE DETAILS

PRICE

$3,990,000 USD

PRICE/SF

$1,777 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TD Bank - Raleigh-Durham, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Bank, Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

NC

APN/PARCEL ID

135708

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.