919-422-9482
3823 Guess Rd, Durham, NC for Sale
Storefront - FOR SALE
1/16
null | Request Cap Rate

3823 Guess Rd
Durham, NC 27705
Hillandale


OVERVIEW

Willowdaile Shopping Center is a 93,048 square foot neighborhood shopping center that is currently 80% occupied and anchored by Ollie's Discount Outlet. Tenancy in the center includes other national tenants such as Starbucks, H&R Block, State Farm, and Family Dollar. Ollies and Starbucks both rank in the top 10% of store performance based on data from Placer.ai, indicating strong demand for the center and putting a new owner in a strong position to increase rents and grow NOI. This property is a true value-add opportunity, providing an investor the ability to improve performance in multiple categories: Improve occupancy from the current 80% to the market average of 96%. Mark to market in-place rents of $13.68 per square foot to the market average of $17 per square foot for older centers. Potential to renovate and elevate the property to full market value rates in the upper $20s per square foot. Target returns of mid teens cash-on-cash and IRR in the mid 20% range Call for offers: Monday, October 13, 2025

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willowdaile

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

272

LAND DETAILS

LAND ACRES

8.88 AC

LAND SF

386,813 SF

ZONING

CC

APN/PARCEL ID

173349

ASK ABOUT THIS PROPERTY

Jay TaylorTar Heel Commercial Realty, Inc.More Info
919-422-9482

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Jay TaylorTar Heel Commercial Realty, Inc.More Info
919-422-9482

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