Exceptional investment opportunity in Durham's thriving market. This property is secured with a tenant paying $5,500/month on a 5-year Double Net (NN) lease, delivering a 7.5% cap rate with no landlord responsibilities beyond structure. Automotive and light industrial spaces remain in high demand, and the scarcity of body shop-ready properties in Durham makes this asset highly attractive. Its prime location in a high-traffic corridor ensures excellent visibility, strong tenant demand, and long-term appreciation potential.
| MLS # | 10068825 |
|---|---|
| Listing Type | For Lease |
| Style | Mixed Use |
| Status | Active |
| Year | 1980 |
| Days On Site | 601 |
| Listing Provided By | Century 21 Triangle Group | Jose Cruz Labrada |
| SQ Feet | 2,640 |
|---|---|
| Acreage | 0.23 |
| Construction Materials | Stone |
|---|
| Tax Assessed Value | 225000 |
|---|---|
| Tax Legal Description | PROP-GEER F C EST/BLK:05/ LT#31-32 PL:00005B-000106 |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27704 |
| Area | Durham |
| Listing VS Median (in 27704) | |
Price: $730,000 low | high Med: $332,075 sqft: 2,640 low | high Med: 1,675 $ / sqft: $277 low | high Med: $199 On site: 601 low | high Med: 56.5 | |
| State | NC |
|---|---|
| County | Durham |
| City | Durham |
| Zip Code | 27704 |
| Area | Durham |
| Listing VS Median (in 27704) | |
Price: $730,000 low | high Med: $332,075 sqft: 2,640 low | high Med: 1,675 $ / sqft: $277 low | high Med: $199 On site: 601 low | high Med: 56.5 | |