Northmarq, on behalf of Ownership, is pleased to offer the opportunity to acquire Gateway Terrace, the 5-tenant strip center located at 3219 Watkins Rd in Durham, NC (the “Property”). Gateway Terrace is positioned at the heart of a best-in-class retail corridor with direct frontage along Durham-Chapel Hill Blvd (51,614 VPD) and immediate access to Interstate 40 (97,980 VPD). The Property is located at the primary entrance to both the Patterson Place Shopping Center, a retail complex anchored by The Home Depot and Kohl’s, and Crown at 501, a 297-unit multifamily building scheduled to deliver April 2022. On the north side of Durham-Chapel Hill Blvd is New Hope Commons, a 467K SF shopping center anchored by Walmart Supercenter and Best Buy and leased at 99.8% occupancy. The surrounding area is densely populated with over 7,000 apartment units within 1.5 miles of the property. Gateway Terrace comprises 14,551 square feet on 0.68 acres and is fully stabilized at 100% occupancy. The Property features corporate leases to national tenants Chipotle Mexican Grill and Mattress Firm. The remainder of the Property is leased to three local operators, including O2 Dental, Navigator Beverage Co., and an NC-based Jersey Mike’s franchisee. The Property offers a robust tenant mix with mostly new or early-extended leases with incentive for long-term tenant retention. The Offering provides investors the opportunity to acquire a trophy asset with A+ positioning within the Research Triangle, a region that is home to over 2 million residents and anchored by cities Raleigh and Durham, NC.