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5588 Highgate Dr
Durham, NC 27713 Southpoint

$5,856,000 USD

Auto Repair For Sale  •  6,884 SF

Property Details

• Property Type Auto Repair
• Total Building Size 6,884 SF
• Lot Size 0.95 AC
• Building Class C
• Year Built 2024
• Cap Rate 6.25 %
• Tenancy Single

30 Transit Score

50 Walk Score

Highlights

Founded in 1953, Chapel Hill Tire operates 13 locations across North Carolina.

Positioned in the South Durham / Southpoint corridor along I-40, the primary transportation artery connecting South Durham, Chapel Hill, etc.

Located less than a 10-minute drive from RTP, a 7,000-acre mixed-use district home to 300+ companies and more than 65,000 employees.

Average household income of $122,936 and a population of 128,326 residents within a 5-mile radius.

True Triple Net (NNN) Lease with 15 years remaining and 2% annual rent increases, providing predictable income growth.

The purpose-built automotive service facility may offer investors meaningful cost segregation and accelerated depreciation opportunities.

Cap Rate:

6.25 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Chapel Hill Tire Co	6,884 SF

Public Transportation

Commuter Rail	Drive	Walk	Distance
	16 min	-	8.6 mi
Airport	Drive	Walk	Distance
Raleigh-Durham International	17 min	-	10.6 mi