1111 Neville Street offers a rare opportunity to acquire a ±46,094 SF urban infill industrial warehouse in one of Durham’s fastest-evolving corridors.
Approximately 23,000 SF is leased long-term to anchor tenant, Counter Culture Coffee, on a NNN lease with tiered rent and accelerated annual escalations, providing a strong income base. The remaining space is occupied by multiple tenants with short-term leases, allowing for owner-user occupancy or repositioning in the near term.
The property is adjacent to the City of Durham’s planned $42M redevelopment of East End and Long Meadow Parks, further enhancing the area’s long-term growth trajectory. The surrounding neighborhood continues to see impressive home sale numbers, often exceeding prices of $900,000.
Located just minutes from downtown Durham (±1.5 miles) and Duke University (±3.5 miles), 1111 Neville is well positioned for a buyer seeking an asset in the direct path of growth.
Financials are available upon request with execution of an NDA.