Durham, North Carolina, is a prime location for investing in Shopping Centers, with 4 available listings. As a hub for education, medical, and research activities, Durham attracts a diverse population of students, professionals, and families. Shopping Centers in Durham offer a unique opportunity to capitalize on the city's growing demand for retail and commercial spaces. These properties can represent a range of investments, from strip centers and community shopping centers to power centers and regional malls. Durham's strong economy, driven by major industries like healthcare and pharmaceuticals, ensures a steady flow of customers for shopping centers. The city's amenities, including healthcare facilities, parks, and cultural venues, also contribute to its appeal. Additionally, Durham's location in the Research Triangle, with proximity to institutions like Duke University and North Carolina Central University, makes it an attractive destination for businesses and travelers alike.
Durham's Shopping Centers are situated in a city that boasts a rich history, a strong economy, and a high quality of life. With an average price per square foot of $210 USD and an average size of 32,780 square feet, these properties offer a range of opportunities for investors. Nearby, you'll find Restaurants, Specialty Properties, Land, and Office Properties, each with its own unique characteristics and investment potential. Restaurants in Durham, for example, benefit from the city's thriving food scene, while Specialty Properties, such as those in the American Tobacco Historic District, offer a unique blend of history and innovation. Land in Durham is highly sought after, given the city's growing population and limited availability, and Office Properties, like those in the Durham Innovation District, cater to the city's thriving startup and entrepreneurial community. Overall, Durham's Shopping Centers are an attractive investment opportunity, with a strong potential for returns and a high quality of life in a city that truly has something for everyone.
What is the average cap rate for shopping centers in Durham?
For investors seeking to capitalize on Durham's growing economy, the average cap rate for shopping centers in Durham is 7.58%, providing a promising opportunity to generate returns on investment.
