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5313 New Hope Commons Boulevard Ext
Durham, NC 27707 Garrett

$2,610,983 USD

General Retail For Sale  •  6,400 SF

Property Details

  • Property Type General Retail
  • Total Building Size 6,400 SF
  • Lot Size 1.58 AC
  • Year Built 2006
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning B-3 Commercial
30 Transit Score
50 Walk Score

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
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Red Robin

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
15 min - 7.0 mi
AirportDriveWalkDistance
Raleigh-Durham International 24 min - 16.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Joe Graham 919-539-1866 CBRE, Inc.
Joe Graham 919-539-1866 CBRE, Inc.