Investment Overview
A 6,534 SF facility on a 1.75-acre parcel, producing $164,346 in base rent effective July 17, 2026 ($25.15/SF). Priced at $2,650,742, reflecting a 6.20% CAP rate, the asset offers inflation-resistant income through 3% annual escalations and strong positioning near one of the nation’s premier research and employment hubs. The site’s generous land area and corridor visibility add long-term flexibility and value.
Investment Highlights
- » PIN: 0747451208
- » Lot size: 1.75 acres
- » Zoning: CC (Commercial Center, City of Durham / Durham County)
- » Traffic count: ±18,500 VPD on S Miami Boulevard
- » Lease in place through July 31, 2033, providing approximately 7 years of remaining term, and 3% annual rent escalations
- » Three additional five-year renewal options
- » PE-backed tenant platform
- » Direct proximity to the Research Triangle Park employment base
- » Strong visibility and traffic exposure along S Miami Boulevard