5313 New Hope Commons Boulevard Ext - Retail FOR SALE


Durham, NC 27707- Garrett
$2,610,983 USD
919-539-1866
5313 New Hope Commons Boulevard Ext, Durham, NC for Sale
$2,610,983 USD
Retail - FOR SALE
1/6
null | 6% Cap Rate

5313 New Hope Commons Boulevard Ext
Durham, NC 27707
Garrett


HIGHLIGHTS

  • Recent Lease Extension Through 2031 – Red Robin has operated at the Property since 2006 and recently extended its lease through September 2031
  • Premier Durham-Chapel Hill Retail Corridor – Prominent location directly across from New Hope Commons and Patterson Place, surrounded strong retailers
  • Located in the Heart of the Research Triangle – Strategically positioned between Duke University and UNC-Chapel Hill
  • Affluent Demographics & Built-In Rent Growth – Average household incomes exceed $155,000 within three miles

OVERVIEW

Acquire a corporate-leased Red Robin in Durham's premier retail corridor. Located in the heart of the Research Triangle, the Property benefits from affluent demographics, strong retail co-tenancy, and contractual rent growth, providing stable cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$2,610,983 USD

PRICE/SF

$408 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,825 SF

ZONING

B-3 Commercial

APN/PARCEL ID

206559

ASK ABOUT THIS PROPERTY

Joe GrahamCBRE, Inc.More Info
919-539-1866

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Joe GrahamCBRE, Inc.More Info
919-539-1866

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