The Village Shopping Center — Sale in Durham, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Durham, NC 27703
  • Year built: 1959

Photos

The Village Shopping Center — Sale in Durham, NC, photo 1 of 3
The Village Shopping Center — Sale in Durham, NC, photo 2 of 3
The Village Shopping Center — Sale in Durham, NC, photo 3 of 3

Description

Marcus & Millichap is pleased to present for sale The Village Shopping Center located in Durham, NC. Anchored by Tropicana Supermarket, which recently executed a 10-year lease extension supported by strong sales performance, the property benefits from a diverse tenant roster with 57% of gross income generated by national and regional brands including Family Dollar, Aaron’s, DaVita Dialysis, Citi Trends, Maxway, and the U.S. Post Office. Situated on nearly 20 acres across four buildings and two parcels, the asset occupies a strategic position just 0.5 miles from the I-885 interchange and two miles from Downtown Durham. Investment Highlights: • Grocery Anchored Retail | Infill Position | WALT: 4.8 Years | 4+% CAGR • Mark-to-Market Leasing Potential: 43-Percent of the leased square footage has no renewal options • 57-Percent of Gross Income from National/Regional Brands: Family Dollar, Aaron's Rents, DaVita Dialysis, CitiTrends, Maxway, US Post Office • Within Two (2) Miles of Downtown Durham with +/- $2.65 Billion in Recent Capital Investments • Four (4) Buildings | Two (2) Parcels Totaling +/- 20 Acres • Strong Grocery Sales + Recent 10-Year Lease Extension with Tropicana Supermarket • Recent Leasing Momentum: New 10-Year Lease with Fishing Point Healthcare

Market Context

This retail in Durham, NC is listed for sale. The building dates to 1959. Compare it against other retail listings for sale in Durham, NC — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Durham, NC